From the course: Amazon Web Services: Exploring Business Solutions

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Planning an AWS blockchain solution

Planning an AWS blockchain solution - Amazon Web Services (AWS) Tutorial

From the course: Amazon Web Services: Exploring Business Solutions

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Planning an AWS blockchain solution

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- [Instructor] Blockchain technology is still considered an emerging technology because it has not found a fixed use case or technological environment. However, all blockchains share specific elements that create the intended value. First as a peer-to-peer network. Second as an encrypted, decentralized ledger spread asymmetrically across the network. Third is a strong goal for frictionless transaction between the two peers. The intent of blockchain is to provide for unfalsifiable trusted transactions between parties. The promise of blockchain is to remove our current trust keepers who slow down transactions and increase the cost of transactions by requiring payment for their role. Banks and governments are considered two of the largest trust brokers standing as middle actors between financial transactions and identity assignments. Currently finance is the largest player in the development of blockchain technology. Because blockchain requires large networks and heavy processing, it is…

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