Amazon Cloud to Move into Blockchain
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Amazon Web Services (NASDAQ: AMZN), the tech giant’s cloud computing arm, signed an agreement with Kaleido, a recently launched start-up, to begin work on a blockchain-based cloud service, CNBC reported on Tuesday. Kaleido aims to give Amazon’s customers an "easy button" to get into the same technology that underpins Bitcoin (Bitcoin).

Why it is important

  1. Last year, Amazon made a lot of moves to enter the cryptocurrency market. The new agreement is one more step of the company towards blockchain. Amazon’s appearance on the market can potentially hurt IBM (NYSE: IBM), currently considered to be the leader in the corporate blockchain services market.

"They can focus on their scenario and they don't have to become PhDs is cryptography, we give them a simple platform to build their company on blockchain," said Steve Cerveny, one of the co-founders of Kaleido.

The first "blockchain-as-a-service" solution is already available on the AWS marketplace, which offers customers a subscription to cloud computing platforms.

Joseph Lubin, co-founder of Ethereum, said that this agreement is huge step for the IT giant in the blockchain sector:

"Three years ago we were getting calls from companies trying to spell blockchain and trying to order one in a color because their boss told them they should get a blockchain," Lubin said. "At this point there are tens of thousands of companies around the world that have real sophistication around this."

Previously, AWS introduced a template service for the convenient launch of blocking networks based on the Ethereum and Hyperledger Fabric protocols.

By Nadya Astam

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