Qtum Partners with Amazon Web Services to Develop BaaS Solutions

Amazon’s cloud computing division in China is partnering with Qtum, a public blockchain project that’s designed to integrate the best parts of the Bitcoin and Ethereum platforms into a business-friendly blockchain.

The partnership sees Amazon Web Services (AWS) working with the blockchain project, ranked 29th on Coinmarketcap to develop a blockchain-as-a-service (BaaS) solution for enterprises and developers.

CoinDesk Reports, the partnership will allow AWS users to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI) which basically creates a virtual machine within Amazon’s Elastic Compute Cloud.

Simon Wang from AWS China confirmed the partnership to CoinDesk in a mail saying “Qtum is now an AWS technology partner and one of the partner network members.”

Qtum (pronounced Quantum) launched in March 2017 and just last January raised $1 million from notable investors Anthony Di Iorio, BitFund founder Xiaolai Li, OKCoin CEO Star Xu and Fenbushi partner Bo Shen. Even Roger Ver was quoted as saying – ” QTUM is definitely one of the projects everyone should be keeping their eye on. ”

The relationship between the two started last July when Qtum’s development platform was made available on Amazon Web Services.

“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise,” said Qtum Co-Founder Patrick Dai.

Mike Palencia, Qtum’s chief information officer told Coindesk that both companies will work together to collect feedback from customers about the most in-demand use cases and provide guidance to clients that don’t have much software development resources themselves.

Blockmanity’s Take

Amazon Web Services looking to partnership with blockchain companies is a sign of great things to come.

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