AWS steps into blockchain arena

In a presentation which saw AWS announce the launch of its own AI chip, it also revealed it had partnered with QLDB to launch two new services for the blockchain market


At this year's AWS re:Invent conference in Las Vegas, AWS CEO Andy Jassy announced the launch of two new blockchain services, as well as the creation of a new AI chip. The new blockchain services are to be developed in conjunction with Quantum Ledger Database (QLDB).

According to AWS, the new Amazon Quantum Ledger Database is a "fully managed ledger database that provides a transparent, immutable, and cryptographically verifiable transaction log ‎owned by a central trusted authority". QLDB operates on both the Ethereum network and Hyperledger Fabric.

AWS had already announced some new updates to its cloud machine learning (ML) services, Amazon Polly, Amazon Translate and Amazon Transcribe. These new services are just a few of the 200 new ML services Amazon has launched in the last 12 months.

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Jassy also introduced the new "Inferentia" AI chip which was created to handle the larger workloads required to run ML functions. AWS and Amazon as a whole continues to position itself as a significant player in the AI market.

"We are not overspending on ML research. It is a gigantic area and we are investing in the right direction," admitted Jassy to the re:Invent audience.

Other announcements made in the presentation included a partnership with VMware to help the firm better capture the hybrid cloud market called AWS Outposts.

"Customers are telling us that they don't want a hybrid experience that attempts to recreate a stunted version of a cloud on-premises, because it’s perpetually out of sync with the cloud version," explained Jassy.

"There just isn't a lot of value in that type of on-premises offering and that's why these solutions aren't getting much traction," he added.

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