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Amazon Set to Compete With IBM, Oracle in Blockchain Products

Daniel Liberto

Amazon.com Inc. ( AMZN) has become the latest big-name tech company to move into the blockchain space. In a blog post on Thursday, Amazon Web Services (AWS), the e-commerce giant's cloud computing arm, announced the launch of AWS Blockchain Templates, “a fast and easy way to create and deploy secure blockchain networks using open source frameworks.” The new product, which TechCrunch notes will compete with similar offerings from IBM Corp. ( IBM) and Oracle Corp. ( ORCL), provides developers with pre-set blockchain frameworks that support two versions of the technology: Ethereum and the Linux Foundation's Hyperledger Fabric.