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The world’s largest online retailer Amazon has presented its blockchain-related services, Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain during the AWS re:Invent 2018 in Las Vegas.

Amazon is an American leading a-commerce service and a cloud service provider with HQ in the Washington, D.C. It was founded in 1995 by Jeff Bezos.

Amazon Reveals Its Blockchain-Based Products

According to the information from the official website, QLDB is a fully regulated ledger database with a transparent, cryptographically verifiable operations log which is owned be a fixed trusted authority.

Amazon Quantum Ledger Database can monitor every application data change and supports a complete and verifiable log of changes over time.

The other product that was presented on AWS re:Invent 2018 — Amazon Managed Blockchain is a fully managed platform that “makes it easy to create and manage scalable blockchain networks using the popular open source frameworks Hyperledger Fabric and Ethereum,” the official website states.

Amazon Web Services (AWS) CEO Andy Jassy told CNBC that despite market dip, Amazon sees a huge potential in blockchain tech.

It’s worth noting, that Amazon has been monitoring the development of blockchain industry for a long time. As a result, in May, it signed an agreement with Kaleido to begin work on a blockchain-based cloud service.

Earlier, former executive at Amazon with more than 20 years of experience, Jason Warnick, become a new member of the Robinhood team as its new CFO.

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