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. 

OMG: 'Coinbase Effect' Appears to Return as Crypto's Price Jumps 150%

Colin Muller

A few days ago (May 14), the top-rated Coinbase exchange announced its listing of the Omise Go (OMG) altcoin, a popular midcap coin originally launched in 2017, on its Pro and standard trading platforms.

Since then, we have seen over 150% increase in the price of the altcoin, prompting speculation that the once-powerful (but lately not) “Coinbase effect” has returned to crypto. The effect occured as Coinbase is one of the most popular cryptocurrency exchanges in the world, and has been rather selective when listing altcoins. While most other top exchanges have listed hundreds of cryptoassets, for years Coinbase only listed top coins.

is this the top?OMG chart by TradingView

Before 2018, a Coinbase listing had for years occasioned a parallel price rise in the value of whichever altcoin was being listed for trading. But starting in 2018, the start of a huge bear market, it started to seem like the “effect” no longer had any effect.

Take the case of Basic Attention Token (BAT), a popular altcoin developed in tandem with the Brave internet browser. Listing on November 8, 2018, BAT started to slide rather than pump, and within a month had lost over half its value.

BAT suffered muchBAT chart by TradingView

More recently, Chainlink (LINK) listed on Coinbase in the summer of 2019; but its trading debut served as the top of an uptrend, and its value quickly halved following the listing.

CB listing served as the topLINK chart by TradingView

We’ll have to keep an eye on OMG to see how it follows through with the initial 150% pump we have seen. Will this be a new top for the altcoin, or just the beginning to a steady season of gains?

The views and opinions expressed here do not reflect those of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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