Amazon moves into blockchain

Amazon moves into blockchain

May 15, 2018 0 By FandomFare

Amazon moves into blockchain

 

Amazon moves into blockchain

Amazon moves Amazon is partnering with startup Kaleido to make it easier for AWS customers to put services on blockchain.

The partnership marks Amazon’s first move into blockchain, a distributed ledger technology, and the first blockchain SaaS solution available on the AWS Marketplace.

Amazon shares are down 1.8% to $1,572.30.

Amazon moves

 

Blockchain technology records transactions on a public, distributed ledger, which advocates say gets rid of the need for a third party in many cases. The technology is touted as faster and more secure by advocates.

"Introducing Kaleido to AWS customers is going to help customers move faster and not worry
about managing blockchain themselves," Amazon Web Services said in a statement. It is the first Blockchain SaaS solution available on the AWS Marketplace and will help them rapidly advance their blockchain projects."

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.

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