What are the different types of blockchains supported by Amazon Managed Blockchain, and how do they enable different use cases and applications?

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Category: Blockchain

Service: Amazon Managed Blockchain

Answer:

Amazon Managed Blockchain supports two types of blockchains: Ethereum and Hyperledger Fabric.

Ethereum is a public blockchain that supports smart contracts and decentralized applications (DApps). It is designed for use cases that require transparency, immutability, and trustlessness. Ethereum is used for a wide range of applications, including supply chain management, decentralized finance, and voting systems.

Hyperledger Fabric is a permissioned blockchain that is designed for enterprise use cases. It allows for fine-grained control over network permissions, and supports modular consensus algorithms and smart contracts. Hyperledger Fabric is used for applications that require privacy, scalability, and interoperability, such as supply chain tracking, digital identity, and asset tokenization.

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