Amazon to Let Customers Use Ethereum Blockchain Solutions

Amazon's new partnership will make it easier for customers to use blockchain
16 May 2018   1324

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. 

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   298

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.