April 30, 2019 at 4:30 PM EDT
Amazon Managed provides a fully managed service that makes it easy and cost-effective to create, manage, and scale networks
AT&T, Nestlé, and Singapore Exchange Limited among companies using Amazon Managed
SEATTLE — (BUSINESS WIRE) — Apr. 30, 2019 — Today, Amazon Web Services Inc., an Amazon.com company (NASDAQ: AMZN), announced the general availability of Amazon Managed , a fully managed service that makes it easy to create and manage scalable networks. Customers who want to allow multiple parties to execute transactions and maintain a cryptographically verifiable record of them without the need for a trusted, central authority can quickly setup a network spanning multiple AWS accounts with a few clicks in the AWS Management Console. Amazon Managed scales to support thousands of applications and millions of transactions using popular open source frameworks like Hyperledger Fabric and . To learn more about Amazon Managed , visit: .
For in businesses like finance, logistics, retail, and energy that need to perform transactions quickly across multiple entities, gives them the ability to execute contracts and share data, with an immutable record of the transactions, but without the need for a trusted, central authority. Customers typically create networks using frameworks like Hyperledger Fabric and , but setting up the networks using these frameworks is difficult and time consuming. Each member of a network has to provision hardware, install software, create and manage certificates for access control, and configure network settings. As usage of a application grows, there is a lot of work involved in scaling the network, including monitoring resources across all nodes, adding or removing hardware, and managing the availability of the entire network. This complexity is the reason many typically need the help of expensive consultants to make work. Amazon Managed is a fully managed service that makes it easy and cost effective for to create and manage secure networks that can scale to support thousands of applications running millions of transactions. Customers simply choose their preferred framework (Hyperledger Fabric is supported at launch with support coming later this year), add network members, and configure the member nodes that process transaction requests. Amazon Managed takes care of the rest, creating a network that can span multiple AWS accounts and configuring the software, security, and network settings.
“Customers want to use frameworks like Hyperledger Fabric and to create networks so they can conduct business quickly, with an immutable record of transactions, but without the need for a centralized authority. However, they find these frameworks difficult to install, configure, and manage,” said Rahul Pathak, General Manager, Amazon Managed at AWS. “Amazon Managed takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network. Customers can now get a functioning network set up quickly and easily, so they can focus on application development instead of keeping a network up and running.”
In addition to making it easy to set up and manage networks, Amazon Managed provides simple APIs that allow to vote on memberships in their networks and to scale up or down more easily. Amazon Managed offers a range of instances with different combinations of compute and memory capacity to give the ability to choose the right mix of resources for their applications. Amazon Managed secures certificates for access control using AWS Key Management Service technology, eliminating the need for to set up their own secure certificate storage. Unlike existing technologies that require custom development to extract network activity data, Amazon Managed makes it easy to replicate transactions to Amazon Quantum Ledger Database (QLDB), which will offer a fully managed database with a central trusted authority when it becomes generally available in the coming months. This gives the ability to gain advanced insight into key trends, such as who is transacting and what is the rate of their transactions. Amazon Managed is available immediately in US East (N. Virginia) and will expand to additional regions in the coming year.
AT&T Business offers a range of edge-to-edge technologies including mobility, cybersecurity, networking, voice and collaboration, cloud and IoT solutions and services to match their ’ technology needs. “ is far more than just or . It’s changing the way companies do business and giving us a new way to solve complex business problems,” said Andy Daudelin, Vice President, Alliances Business Development, AT&T Business. “AT&T’s suite of solutions now includes Amazon’s Managed . Amazon Web Services can integrate their solution with AT&TBusiness’s IoT and edge-to-edge portfolio. This allows them to automate data collection to improve their ability to manage complex supply chain processes, monitor environmental conditions, improve security, gain real-time insights, and so much more.”
Nestlé is a global and beverage company with more than 2,000 brands and global distribution across 189 countries worldwide. “Transparency in supply chains is increasingly important to consumers, who want to know what is in their and where it comes from. While Nestlé has begun to release information on its supply chains for its 15 key commodities, using technology enables a more precise tracking,” said Armin Nehzat, Digital Technology Manager, Nestlé Oceania. “With Amazon Managed , we are able to set up our Hyperledger Fabric network and easily invite our partners to collaborate in our supply chain transparency efforts. Amazon Managed will enable our to track their products on the from the farm all the way through to consumption.”
Singapore Exchange Limited (SGX) is Asia’s leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards. “Ever since overcoming the physical limitations of open-outcry pits, technology has been fundamental to the transformation of critical financial-market infrastructures,” said Andrew Koay, Head of Technology, SGX. “SGX sees technology as a way to bring innovation to our distributed financial marketplace, and we have developed Delivery-versus-Payment (DvP) capabilities for the settlement of tokenized assets across different platforms. We are working with AWS to move our existing investments in Hyperledger Fabric to Amazon Managed . Amazon Managed offers businesses the opportunity to eliminate the heavy-lifting typically required in infrastructure setup. This allows us to focus on adding business value and not worry about managing or scaling the underlying platform.”
MOBI, the Mobility Open Initiative, is a non-profit foundation formed to accelerate of and to promote standards in , distributed ledgers, and related technologies. “Blockchains will increasingly impact the provisioning of mobility services since they enable business networks to reduce the cost of coordinating their activities,” said Chris Ballinger, Founder and CEO, MOBI. “MOBI hopes to build a worldwide network of cities, infrastructure providers, consumers, and producers of mobility services in order to realize the many potential benefits of technology. Since Amazon Managed is a fully managed service, users are able to setup a Hyperledger Fabric network in minutes and easily invite other partners to join. Also, since Amazon Managed ’s ordering service ensures reliable sharing of data across the network, our participants don’t need to worry about managing infrastructure and building a solution from the ground up. Instead, they can now focus on building applications for connected car payments, autonomous and electric vehicles, and peer to peer ride-sharing services.”
TrackX Inc. is an enterprise asset management company deploying SaaS-based solutions for the comprehensive tracking and management of physical assets. “Returnable asset tracking including movement and transportation tracing, invoicing, billing, payment and remediation is complicated, and time sensitive,” said Dr. Eddie Shek, Chief Strategy Officer, TrackX. “ technology has the potential to increase the speed at which we track and reconcile returnable and reusable assets such as beer kegs, intermediate bulk containers, and plastic pallets. Before Amazon Managed , we had spent a huge effort building and managing our infrastructure. Now, we can use Amazon Managed to quickly and easily create networks with Hyperledger Fabric and easily enable our to monitor and maintain accountability throughout their entire supply chain. Amazon Managed fully manages our infrastructure and shared network components, enabling us to focus on developing smart contracts to deliver additional value to our .”
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. “At Accenture, is driving business transformation in virtually every industry — from aerospace to not-for-profits,” said Prasad Sankaran, Senior Managing Director of Accenture’s Intelligent Cloud & Infrastructure business group. “’s unique characteristics are helping to reinvent complex supply chains, improve business processes, and expand the reach and veracity of our digital identities. As the technology continues to take hold, services such as Amazon Managed can drive both cost saving and revenue generating opportunities.”
About Amazon Web Services
For 13 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 165 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 64 Availability Zones (AZs) within 21 geographic regions, spanning the U.S., Australia, , Canada, , France, Germany, Hong Kong Special Administrative Region, India, Ireland, , Korea, Singapore, Sweden, and the UK. Millions of including the fastest-growing startups, largest enterprises, and leading government agencies — trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit .
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit and follow .
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Published at Wed, 01 May 2019 06:57:58 +0000
