Amazon announces Blockchain-as-a-Service (BAAS) sandbox for developers

Amazon announces Blockchain-as-a-Service (BAAS) sandbox for developers

Amazon Web Services has partnered with Digital Currency Group to create a Blockchain-as-a-Service solution for financial services companies  according to a Forbes report:

“Today, in financial services, distributed accounting technology is at the forefront of any innovation-related debate, AWS is working with blockchain financial institutions and suppliers to drive innovation and facilitate friction-free experimentation,” he said. in a statement Scott Mullins, head of global financial services business development at AWS. “DCG is a recognized leader in distributed LED technology, and we are excited to work with them and their portfolio companies to provide laboratory environments for business experimentation with Blockchain technology at AWS.”

The community director of DCG, Meltem Demirors, also said in a statement:

“At DCG, one of our core beliefs is that the venture capital model must evolve to allow the disruption of financial services, and AWS was a natural contributor since the majority of our portfolio depends on the AWS cloud.

By thinking about how to help portfolio companies grow and scale while we support corporate discovery and experimentation, it became clear that we would have to collaborate with a technology infrastructure provider such as AWS to help us build a platform for experimentation. ” .

Source:  www.the-blockchain.com