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Home Cryptocurrency

Blockchain Breakthrough or Chaos? Free Data Access Sparks Debate

Gayatri Ailyaani by Gayatri Ailyaani
5 December 2024
in Cryptocurrency, News
Reading Time: 3 mins read
0
sonarx and aws and blockchain

Blockchain Breakthrough or Chaos? Free Data Access Sparks Debate

Amazon Web Services (AWS) has announced an important partnership with blockchain data infrastructure platform SonarX for enhanced access to blockchain data. This event took place during the annual’s: Invent 2024′ conference for AWS, where representatives from the companies engaged in discussions relating to using the tech of SonarX within the AWS Open Data Program to achieve the mission of making quality indexed on-chain datasets free and available for everyone.

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Table of Contents

Toggle
    • YOU MAY BE INTERESTED
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    • FLOKI Took Off Last Year. Troller Cat’s $400K Presale Is What’s Heating Up This Week
  • The Impact of SonarX’s Integration with AWS Open Data Program
  • What the AWS-SonarX Partnership Means for Blockchain Innovation
  • The Future of Blockchain Data: SonarX and AWS’s Role in Mass Adoption
  • Patric Kim on AWS and SonarX’s Partnership: A Major Step for Blockchain

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The Impact of SonarX’s Integration with AWS Open Data Program

In fact, we are moving closer to a situation whereby developers and businesses can soon adapt to blockchain data using the partnership of AWS and SonarX. The partnership lets AWS S3 buckets penetrate deep into the cloud of comprehensive blockchain datasets and open new use cases, making all kinds of new applications possible across various blockchains. As such, Jesse Bornstein, Global Head of Business Development, SonarX, noted that data was the criteria in this circumstance: “Data is the foundation of everything.”

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AWS Blockchain Breakthrough or Chaos? Free Data Access Sparks Debate

As part of a wider initiative by AWS to develop its presence in the Web3 space, which includes decentralized applications and services based on blockchain technology, Sonarx and AWS join forces to improve data solutions further. Joining forces with SonarX indicates the company’s commitment to wealth and innovation in blockchain applications.

What the AWS-SonarX Partnership Means for Blockchain Innovation

 

This has a very strong impact on everyone: SonarX, AWS, and everybody else in the blockchain industry because this data capability will be added by SonarX into the Open Data program by AWS. The industry is filled with good news. As Bornstein puts it, “It’s exciting times in our industry when you have the world’s largest cloud provider dramatically increasing its commitment into the space.” This news is seen to be a very strong signal that mass adoption of blockchain technology is on its way.

SonarX uses its Data Quality Framework to guarantee dataset sets accuracy, consistency, and completeness. Developers and businesses need to build reliable applications on top of blockchain technology.

The Future of Blockchain Data: SonarX and AWS’s Role in Mass Adoption

The purpose of the collaboration is to deliver a reliable public utility for various blockchain foundations, including Base, Arbitrum, Provenance, Aptos, and Ripple. The initiative aims to strengthen the developer ecosystem and establish new standards for data integrity in the industry by making available high-quality historical blockchain datasets free for access through AWS Open Data.

Patric Kim on AWS and SonarX’s Partnership: A Major Step for Blockchain

aws and sonarx

The new partnership between Patric Kim, the founder and CEO of SonarX, said, “‘AWS has decided to plant a bigger flag in blockchain’ – this is an important moment for the space.” Adams has shown enthusiasm over working with the diverse group of blockchains, which in turn would bring into play such realities as Real World Assets (RWAs), Decentralized Finance (DeFi), scalable solutions, payments, and Social Finance (SocialFi).

And, as cloud providers like AWS have bit on huge investments, their infrastructures reap the benefits of blockchain technology meant for use across industries. This should concern most entrepreneurs as it is likely going to enhance the capacity of developers to manage their ideas with reliable data sources and further speed up innovation as well as acceptance rates from businesses seeking to fold the technology into their operations.

Just as Jesse Bornstein declared during the declaration at re:Invent 2024, “This development represents a significant strike against access to blockchain data,” signalling the impact that this initiative will probably have on mass adoption of the technology. The future is very bright for developers and users who are really fervent about exploring the capabilities of blockchain as big companies are linking their resources into this space like AWS.

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Tags: awscryptocurrencysonarx
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