Amazon Announces Blockchain-as-a-Service (BAAS) Sandbox for Developers

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Amazon Web Services has teamed up with Digital Currency Group to create a Blockchain-as-a-Service solution for financial services firms according to a report in Forbes by Laura Shin

“Today in financial services, distributed ledger technology is at the forefront of any discussion related to innovation. AWS is working with financial institutions and blockchain providers to spur innovation and facilitate frictionless experimentation,” said Scott Mullins, AWS’s head of worldwide financial services business development, in a statement. “DCG is a recognized leader in distributed ledger technology, and we are excited to work with them and their portfolio companies to provide laboratory environments for enterprise experimentation with blockchain technology on AWS.”

DCG’s director of community, Meltem Demirors, also said in a statement. 

“At DCG, one of our fundamental beliefs is that the venture capital model has to evolve to enable disruption in financial services, and AWS was a natural collaborator given most of our portfolio relies on the AWS Cloud.”

“As we thought about how to help portfolio companies grow and scale while simultaneously supporting corporate discovery and experimentation, it became clear that we would need to collaborate with a technology infrastructure provider like AWS to help us build a platform for experimentation.”

 

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