Amazon to Let Customers Use Ethereum Blockchain Solutions

Amazon's new partnership will make it easier for customers to use blockchain
16 May 2018   580

Сloud computing arm of Amazon will work with a new start-up called Kaleido, which was born out of Consensys, leading blockchain incubator. The company is aiming to give AWS customers an easy way to get into blockchain technology.

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. 

 

Steve Cerveny

Kaleido, Co-founder

Amazon Web Services is a subsidiary of Amazon that offers a paid subscription for cloud computing platforms to individuals, companies and governments. AWS is using a partner-led strategy instead of building from the ground up.

AWSAmazon Web Services

Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves. It is the first Blockchain SaaS solution available on the AWS Marketplace and will help them rapidly advance their blockchain projects.

 

Amazon Web Services said in a statement

The founder of the Ethereum blockchain platform, which Kaleido and AWS will be using, said this is the biggest move yet by the tech giant to get into blockchain.

This is a heavy duty, full stack way of getting the company into blockchain solutions.

 

Joseph Lubin

Founder, Ethereum

Lubin also said that blockchain technology can help Amazon in other arms of the ever-expanding business, using supply chain as one example. 

BlackRock to Consider Bitcoin Futures

World largest asset management firm created a workgroup to study the prospects of crypto-based futures
16 July 2018   80

Investment company BlackRock has formed a working group that should find out what benefits the world's largest asset manager can get from entering the cryptocurrency sector, despite the fact that previously its CEO had heavily criticized bitcoin. This is reported by Financial News.

The investment giant, whose assets amount to $ 6.3 trillion, created a team that included experts from various business areas. They must collect information about the cryptocurrencies, the underlying infrastructure and technology of the blockchain.

The working group, which includes investment strategist Terry Simpson, should find out whether BlackRock should invest in bitcoin futures.

Sources also reported that BlackRock is studying the experience of its competitors in this area and the potential impact of their actions on the company's business. The working group will report on the results of its research to senior management.

A spokeswoman for BlackRock reported that the company has been considering blockchain technology for several years, but declined to comment on the cryptocurrency.

The creation of a working group may mark a turning point in relations between BlackRock and cryptocurrencies. Last year, its head, Larry Fink, said that bitcoin is an extremely speculative tool, and the only reason for its popularity is its anonymity. "This is an instrument that is used for money laundering," he said bluntly.

Fink gave his comments even before the appearance of crypto-currency futures. At that time, he saw no opportunity for his company to enter this market.