Amazon Web Services Launch Free Ethereum and Blockchain Hyperledger Templates for Users

  • Amazon is the third-largest retailer in the world.
  • The world's largest retailer, Walmart, has filed patents for multiple blockchain networks and interfaces.

Blockchain adoption is surging worldwide as corporate giants fall in line and take measures to adopt and integrate the distributed ledger technology to handle various aspects of their business. 

Walmart, the largest retailer in the world has been filing blockchain patents, Samsung may be about to use blockchain for their huge logistics operations, and now Amazon Web Services (AWS) has deployed Ethereum and hyperledger fabric blockchain templates on its website. According to Amazon's subsidiary AWS, the templates have been created to allow for quick and easy deployment of blockchain systems on site. 

A fast and easy way to create and deploy secure blockchain networks using open source frameworks

AWS

The templates are there for users to integrate blockchain into their Amazon retail enterprises, perhaps the highest level of mainstream blockchain customization and adoption to date in the blockchain space. Amazon generated $30 billion worth of revenue last year and, allowing sellers to develop their own blockchain systems independently of each other, could allow for rapid development and practical implementation of different experimental blockchain networks. 

There is no additional charge for AWS Blockchain Templates. You pay only for the AWS resources needed to run your blockchain network. You can create and deploy blockchain networks in any public AWS region.

AWS

The tools to create new blockchain networks can be found on the getting started page of AWS. The launch of the templates comes two years after AWS partnered with Digital Currency Group (DCG) in 2016 to begin experimenting with and integrating blockchain. 

Facebook and Amazon Stock Hit New Highs as Stock Market Outperforms Economy

The price of Facebook (NASDAQ: FB) and Amazon (NASDAQ: AMZN) stock hit a new all-time high amid the coronavirus pandemic, as the stock market has been outperforming the economy.

According to available data, Facebook stock is now trading above $230 marking a new all-time high for the social media giant. Its positive performance comes shortly after it launched Facebook Shops, a platform that makes it easier for small businesses to sell to its billions of users amid the coronavirus crisis.

Speaking to CNBC Todd Gordon, managing director at Ascent Wealth Partners, said FB stock has been having a “very impressive” performance, noting that Facebook’s move up is “pretty spectacular.”

FB stock chartSource: Google

Facebook Shops gives the social media giant a new source of revenue, at a time in which advertisers are spending less because of the crisis. It comes as the deadline to launch the Libra cryptocurrency project approaches.

Amazon has been managing to outperform Facebook, however, as the e-commerce giant recently hit a new all-time high close to the $2,500 mark. AMZN stock dipped shortly after hitting it but has since recovered, and ahead of the opening bell is at $2,451.

The e-commerce giant’s performance comes after it reported gains in the first quarter of the year amid the coronavirus outbreak, as demand went up. It further announced it will be using all of its second-quarter earnings, of around $4 billion, in response to the crisis.

Amazon Stock price chartSource: Google

Stock Market Outperforms Economy

Other blue-chip stocks have been performing rather well, despite the toll the pandemic has taken on the global economy. According to Yahoo Finance, data from April included dismal jobs numbers and poor retail numbers, which led economists to lower their economic growth forecasts.

This month Goldman Sachs cut its GDP forecasts and warned the unemployment rate in the United States will reach 25%, while Credit Suisse economists warned a “longer growth slump will outlast fiscal relief.”

Economists from Bank of America said that the recession will be “unlike anything we have seen in modern history,” after claiming GDP in the second quarter of the year would fall at a 40% rate. Large firms in the S&P 500 index have, however, posted better results than expected.

Credit Suisse’s Jonathan Golub was quoted as saying:

  • Although aggregate earnings are beating estimates by +2.6%, ex-Financials, earnings are surpassing expectations by +7.1%, with 65% of companies exceeding their lowered projections.

These better than-expected-results help, according to some analysts, explain the rise in the stock markets.

Featured image by Markus Spiske on Unsplash