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Smart contracts on Amazon Web Service made possible by Blockchain Technology Partners
Smart contracts on Amazon Web Service were a pipedream for years. Blockchain Technology Partners (BTP) will now be offering smart contracts functionality on Amazon Quantum Ledger Database (QLDB) through the commercial-grade sextant for DAML. The general availability of Smart contracts on Amazon Web Service was eagerly awaited by the community as the absence of the smart contracts was sorely missed.
Sextant for DAML significantly simplifies the implementation of DAML based ledgers on partner platforms. Amazon QLDB is the third such platform to receive the DAML support, the other two being the Amazon Aurora and HeyperLedger Sawtooth, respectively. Amazon Web Services is currently the largest web solutions provider, and its integration with a blockchain smart contract service will only increase its appeal among the consumers.
Smart contracts on Amazon Web Service delivers the best of both worlds
Amazon QLDB, a comprehensively managed ledger database, offers immutable, transparent, and cryptographic transaction verification on Amazon Web Services (AWS). The solution is ideal for people who don’t need extensive decentralization yet require an immutable ledger. Many organizations work with trusted centralized operators and don’t necessarily want a decentralized operation, but they still want to minimize data tampering incidents. The chief technical officer of BTP, Kevin O’Donnell, says that a combination of Amazon QLDB with DAML brings smart contracts on Amazon Web Service and offers both DAML power and AWS resilience to the table.
DAML is a platform-independent, open-source smart contract language created for multiparty processes. It does away with the fundamental complexities associated with databases, blockchains, and distributed ledgers. This helps developers focus on the logical operations of the apps while achieving high deployment flexibility and portability features.
Chief technical officer and co-founder of Digital Asset Shaul Kfir says that today’s businesses have to thrive in a competitive market and stay flexible for challenges. At the same time, they have to adhere to the highest data security standards. The latest Amazon QLDB integration with DAML allows the firm to smoothly run dApps without losing the security aspects or suffering from an operational overload.
Featured Image by Pixabay
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Gurpreet Thind
Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.
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