Building application-specific blockchains with AWS on Avalanche
Imagine a world where transactions—selling a house, trading an asset, paying out a claim—finalize in seconds or less. Contract, payment, and receipts are all tied together in a single action, with the history of the trade permanently logged. The transfer does not require third-party involvement, bypassing centralized middlemen, such as banks, brokers, and agents.
This world is built on blockchain, decentralized and unchangeable digital ledgers that maintain a growing list of transactions stored in “blocks.” Mainstream companies are rapidly embracing blockchains to optimize their costs, while providing faster, safer, more transparent products to their customers.
A recent Alchemy Web3 development report notes that 36% of all existing smart contracts were deployed in 2022. Per Gartner, the business value generated by blockchain is expected to grow from $176 billion in 2025 to $3.1 trillion in 2030.
