Amazon, the E-commerce mammoth is going to launch a Blockchain Pension Management System. It has teamed up with UK’s insurance firm Legal & General. As the name suggests the system will manage the pension-related transactions of retired corporate employees. Amazon Web Services will develop the blockchain platform for the insurance company. Those corporate entities that […]
Finally, Amazon acquires a patent for its cryptographic system which it filed way back in 2016. This system will incorporate the proof-of-work (PoW) algorithm. The patent plea was approved by the U.S. Patent and Trademark Office (USPTO) on the 14th of May. The document says one can generate the Merkle trees as a solution to […]
Amazon has announced the launch of two new blockchain services, namely Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. QLDB is a ledger database that provides transparent and immutable log of transactions. Whereas, AWS Managed Blockchain is another auto-scalable product that allows users to manage a scalable blockchain network.
Bank of America has suggested that the use of Blockchain Technology can serve as a major breakthrough platform for companies like Microsoft, Amazon and Oracle. The bank published the list of other similar companies during the 4th Annual America – Digital Latin American Congress of Business and Technology.