Amazon is Migrating To Blockchain With New Partnership

Blockchain study 30 percent Finance leader commit resources

The cloud computing arm of Amazon in a bid to make it much easier for clients to use Blockchain technology announced a new partnership this Tuesday. The cloud computing giant is teaming up with Kaleido a new startup born out of Blockchain-powered incubator Consensys. The company’s goal is to give AWS consumers an “easy button” to use the technology that underpins bitcoin.

Easy to Use Blockchain Integrated Platform

According to one of the founders of Kaleido, Steve Cerveny:

“We will give them an easy to use platform to further build their firm on Blockchain.”

Blockchain technology stores transactions or financial records on a public shared ledger, which advocates believe removes the need for third parties in most cases. The technology is said to be faster and more secure according to its proponents.

SEE ALSO:   A potential Amazon cryptocurrency exchange: Everyone is wondering about this move (Amazon Cryptocurrency Review) - AMZN Forecast -Tue May 22

In a statement, Amazon Web Services said:

“The introduction of Kaleido to AWS clients will help them move fast and forget about managing the Blockchain themselves. This will be the first Blockchain powered solution on the AWS market and is designed to help customers rapidly advance projects on Blockchain.”

The founder of Ethereum, which is the network Kaleido and AWS use, Joseph Lubin, said this will be the most significant move by the tech giant relating to Blockchain technology. Lubin believes that Blockchain will help other arms of Amazon expand using the supply chain as an example. He says Consensys which handles over 50 Blockchain projects saw a significant expansion with growing interest in the technology.

SEE ALSO:   Ethereum vs Bitcoin: Does Ethereum have the potential to overtake Bitcoin? (Bitcoin Ethereum Predictions 2018) - Ethereum Bitcoin Comparison -Tue May 22

Amazon joins a host of tech giants including Facebook and Microsoft to explore use cases for Blockchain. Last week Facebook announced that it is initiating a reorganization that is going to include a new Blockchain to address privacy concerns relating to the platform. The group to start this move will be led by Facebook most recent executive in charge of Facebook’s Messenger group, David Marcus. IBM, HSBC, Accenture, Deloitte, and JP Morgan, are other corporate names using the Blockchain initiative.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   Ethereum Price Prediction: The Cryptocurrency is In The Bearish Territory

Leave a Comment

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!