Amazon CEO Andy Jassy says, Amazon Web Services Won’t Launch Blockchain

6376 Total Views

Blockchain News

Blockchain-based services will not be offered by Amazon Web Services (AWS) anytime as now.

CEO Andy Jassy made the announcement at the AWS annual Invent conference which was held in Las Vegas by end of the November 2017. Jassy shared his feedback on the Blockchain Technology, describing that, there are limited use cases of the Blockchain “beyond the distributed ledger”. He also described that the company’s policy not to “build technology because we think it is cool.”

According to Jassy, there are a number of solutions to the problems that Blockchain needs to solve. They stressed that the majority of available distribution ledges are available so far.

However, Jassy did not completely shut the door about the possibility of working on the Blockchain-based product in the future. He claimed that he was interested in helping Blockchain with his clients:

Jassy said:

“We are very intrigued by what customers are ultimately going to do there.”

AWS competitors’ Blockchain efforts

Unlike AWS, competitors such as Microsoft and International Business Machines (IBM) have progressively launched the project for blockchain services and distribution ledgers. During the past few months, these companies have launched several blockchain services and pilot projects with their clients.

Brief profile of AWS

AWS is a subsidiary of the leading online retailer The company provides information technology infrastructure services to its clients as web services. Among the products and solutions of the organization are storage and content distribution, cloud computing, databases, analytics, application services, and mobile services.