On the 12th of August, Amazon Web Services<a href="https://aws.amazon.com/about-aws/whats-new/2019/08/amazon-managed-blockchain-now-supports-aws-cloudformation/"> announced</a> that its managed blockchain service would now fully support its cloud storage. This move would make it easier to create and manage scalable blockchain networks on AWS accounts. Amazon led blockchain will be integrated with the Amazon cloud storage service to support <a href="https://www.cryptoknowmics.com/crypto/india-is-evaluated-to-bear-about-13-billion-of-market-deficit-if-government-outlaws-crypto-assets/">AWS CloudFormation</a>.

<h2>Creating a Scalable Blockchain Network</h2>
Blockchain technology enables the building of applications through which several parties can make transactions without the need for a central authority. A scalable blockchain network is not only complex to set up but also hard to manage with the existing technology.

To create a blockchain network, each member will need several things, manual provision hardware, software, certificates for access and networking components. All these are required to get the system up and running. Setting up the network is not the end; you will need to monitor it to ensure everything remains in place consistently.

Changes are bound to occur, such as an increase in the number of transactions, with more members joining the network as well as existing members exiting the system. When these changes occur, you have to ensure that the interface adapts to the changes appropriately. However, managed Amazon blockchain will allow users to set up and run a scalable blockchain network efficiently.
<h2>Benefits that Amazon Managed Blockchain will Reap from Cloud Formation Support</h2>
Cloud formation is part of the web services branch in Amazon, which will support its blockchain management system that is creating and configuring networks, peer nodes and members. The services will be available free of charge to <a href="https://aws.amazon.com/about-aws/">Amazon web service</a> clients and will act as a replication and scaling tool for web applications service for the clients. Sharing data between different AWS users will become much more manageable. CloudFormation will allow the modelling and provision of the cloud resources in the form of code, making it safe, consistent and predictable.

With managed blockchain being supported by <a href="https://aws.amazon.com/cloudformation/">CloudFormation</a>, you can create new blockchain networks, define network configurations, join an existing system, create a member for an existing network, describe network details as well as configure peer nodes for members in a network. 

CloudFormation standardizes and simplifies the provisioning of infrastructure resources in the cloud environment, thus increasing efficiency and consistency in configurations. It also makes troubleshooting more straightforward, as well as reduces the occurrence of manual error. With the new system, managed blockchain will become more scalable. Clients’ Amazon web service accounts across the cloud ecosystem will be integrated on to the blockchain. Distributed blockchain focuses on eliminating the overhead required for network creation, as well as scales to meet various applications with many transactions. 

The Amazon managed blockchain service was released three months ago with Nestle, AT&amp;T and Accenture as clients. Amazon has shown commitment to the blockchain technology. Just a week ago, they published a <a href="https://www.linkedin.com/jobs/view/1417843065/">job posting</a> which highlights that they are finding ways to make use of the blockchain technology for its advertising business. 

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Amazon Managed Blockchain to Get Cloud Formation Support

Am Wayne, a Blockchain enthusiast and expert in crypto trading. Currently, I cover trendy issues on digital currencies.

Amazon Managed Blockchain to Get Cloud Formation Support

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