Amazon Finally on Board with Blockchain!
Amazon has grown into the number one online shopping location, among other things.
Image by TheNation.com
Amazon seems to have a finger in every pie, from online sales, to music, movies, cloud services, database management, and even selling food now, (just to name a few things). But Amazon is now jumping into Blockchain with both feet:
"The first service, named Quantum Ledger Database (QLDB), is a transparent, immutable, and cryptographically verifiable ledger designed for functions like supply chain, finance, manufacturing, insurance, and HR that need a central, trusted authority.
The second offering is called Amazon Managed Blockchain, and it enables customers to create and manage networks using the Ethereum or Hyperledger blockchains. Both services will help companies execute business transactions that require an audit trail". Article below.
https://www.livebitcoinnews.com/amazon-introduces-custom-blockchain-services/'
It seems like Amazon will be looking to offer companies a blockchain based software products to service many industries, like supply, insurance and manufacturing. This will mean jobs for people with blockchain experience, this will bring a strong competitor in the utility token space.
The second thing they are looking to get into is transaction tracking product that will be integrated with Ethereum and HyperLedger, keeping this in mind it could add some serious value to ETH and HyperLedger, along with many of the Dapps that will be developed for these platforms:
https://coindoo.com/online-retail-giant-amazon-finally-forays-into-blockchain/
My thoughts on this are simple, if one of the largest company sees the value and utility of Blockchain, then it will not be long before others catch on.
Blockchain is here to stay, the current market price is due to the big wigs getting the price as low as they can so that once the ETF gets approved they will have so much Bitcoin that they will be even richer. News like this where huge companies are getting on board with Blockchain tech bodes very well for the future of Bitcoin, ETH and other such products.
I am not a financial advisory and this is not financial advice, invest at your own risk.
This is huge, but the market does not seem to care anymore.
Meh, they will. When the SEC approves the ETF or when Bakkt goes live all of these things will have more of a market effect in my opinion.
I read today that the NYSE chairman agrees with you! https://www.ccn.com/unequivocal-yes-nyse-chair-says-bitcoin-and-crypto-are-here-to-stay/
I read that as well, I know we have been hurting and waiting but our time will come.
It is beyond obvious that blockchain technology is the future. Time is the only thing holding it bacon
Posted using Partiko iOS
Agreed my friend, and time heals all even the pain felt when looking at my portfolio lol.
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