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.”

 

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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