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. 

CNBC’s Brian Kelly Explains the ‘Huge Difference’ Between Libra and Bitcoin

On Tuesday (June 18), the day that Facebook unveiled Libra, its new global cryptocurrency,  CNBC's Brian Kelly, who is also the founder and CEO of crypto hedge fund BKCM LLC, explained the "huge difference" between Libra, which he thinks of as digital fiat, and Bitcoin, which he thinks of as digital gold, and said that this was the reason that he does not consider Libra to be a real cryptocurrency.

In a segment titled "Facebook Goes Full Crypto" on CNBC's "Fast Money" show, the host, Melissa Lee, asked Kelly to explain why he does consider Facebook's Libra to be a real cryptocurrency (like Bitcoin or Litecoin).

Kelly started his "crypto class" with a super simple explanation of how Libra works from the point of view of a user:

  • You exchange some of your local fiat currency (say, dollars) for Libra tokens
  • You can then pay for goods/services using your Libra tokens
  • Whenever you want, you can convert some/all of your Libra tokens back to fiat currency

This all sounds fine, but Kelly says that one unspoken truth here is that as a user you need to trust the Libra Association to do everything behind-the-scenes correctly and honestly. In contrast, he says, a real cryptocurrency, such as Bitcoin, is trustless. As Satoshi Nakamoto explained in the Bitcoin white paper (which is titled: "Bitcoin: A Peer-to-Peer Electronic Cash System"), Bitcoin is "an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party."

According to Kelly, the main difference between Libra and Bitcoin is that Libra is trying to be essentially digital fiat (although he used the term "digital dollar" because he was addressing mainly a U.S. audience) and so it has all the "characteristics" of traditional fiat currencies, whereas Bitcoin is "digital gold" (and it is "probably a lot better than gold") and unlike Libra does not need a trusted third party, and to him "trustlessness" is what makes crypto "revolutionary". He said that this is why we can say that Libra "keeps the existing system" while Bitcoin "does away with it."

Kelly went on to say that Libra is not substantially different from systems such as PayPal or Venmo; it's the "next iteration of them". 

Meanwhile, David Marcus, who is the Co-Creator of the Libra currency and the Head of the Calibra project (a custodial wallet for Libra) at Facebook, thinks that it is wrong to compare Libra and Bitcoin since they do not belong to the same category:

One of the people who replied to Marcus' tweet was Dr. Saifedean Ammous, an economics professor and the author the book "The Bitcoin Standard":

 

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