AWS Enters the BaaS Market

AWS Enters the BaaS Market

This IDC Market Note covers announcements by Amazon at the 2018 AWS re:Invent conference. At the conference, Amazon announced two new blockchain products: Amazon Managed Blockchain and Amazon Quantum Ledger Database (QLDB). These products now offer AWS clients the ability to quickly and easily build and manage distributed networks as well as immutable ledgers. They also represent real support by Amazon as the largest public cloud infrastructure-as-a-service provider for blockchain technology and an important step in the evolution of the blockchain-as-a-service market."The infrastructure required to build enterprise solutions using blockchain has not received as much attention as other layers of the blockchain stack," said James Wester, research director, IDC Insights. "The announcement by Amazon of two smart products means the blockchain-as-a-service market is now evolving to support blockchain as a viable technology to build enterprise solutions on."

Please Note: Extended description available upon request.

Executive Snapshot
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IDC's Point of View
Amazon Managed Blockchain
Amazon Quantum Ledger Database
The Impact on Blockchain
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