Amazon.com wants to make it easier for developers to create projects based on the blockchain technology underlying bitcoin and other cryptocurrencies.
The company's cloud computing division launched "AWS Blockchain Templates" on Thursday. The product gives users pre-set blockchain frameworks that support two versions of the technology: Ethereum and the Linux Foundation's Hyperledger Fabric.
Blockchain eliminates the need for a third-party intermediary, such as a bank, by quickly creating a permanent, secure record of transactions.
Start-ups and major corporations alike are working to apply the technology to supply-chain management, financial services, property records and many other industries. Bitcoin is the first application of blockchain.
IBM, which also has a cloud computing service, is one of the leaders in enterprise blockchain development. The company reported $5.5 billion in revenue from cloud in the fourth quarter of last year.
For the same quarter, Amazon reported $5.1 billion in revenue from AWS. Jeff Bezos' company is set to report earnings Thursday, April 26.
Source: Bloomberg Pro Terminal
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.