Singapore-based Blockchain firm Qtum has reportedly teamed up with the Chinese division of Amazon Web Services (AWS), marking the latest major partnership involving the cryptocurrency market.
AWS is globally recognized as one of the best cloud computing platforms and thus its appealing role in the partnership. Qtum cryptocurrency project has been working towards creating a blockchain-as-a-service (BaaS) solutions that will target developers and enterprises. Sources told CoinDesk that the collaboration will allow AWS users to create and roll out smart contracts at a fast, efficient and cost-effective manner through Amazon Machine Image (AMI).
“Qtum are now an AWS technology partner and one of the partner network members,? stated Simon Wang, AWS China?s executive in charge of territory business development.
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The partnership has been in the pipeline for some time
Qtum is one of the fastest growing blockchain firms and it even managed to raise $1 million from investors in January this year. Some of its investors include Fenbushi partner Bo Shen, BitFund founder Xiaolai Li, OKCoin CEO Star Xu, and Anthony Di Iorio. The AWS marketplace listed Qtum’s AMI in July this year. John Scianna, Qrtum?s marketing director stated that the group responsible for the QTUMc cryptocurrency has since then been working towards a stronger technological partnership.
Scianna revealed that the two firms have been holding partnership talks since April 2018. Qtum’s CIO Mike Palencia stated that the AWS partnership will join efforts to get customer feedback about the most popular use cases. They will then offer guidance especially to customers that do not have access to software development resources.
The partnership will focus on client satisfaction
Palencia revealed that Qtum and Amazon will work together to reach out to different customers. They are currently evaluating use cases courtesy of a contract with firms that have the use cases. Palencia also revealed that some customers have their own developers and their own ideas while some of them want AWS support. Meanwhile, Qtum?s co-founder Patrick Dai stated that his firm is one of the most decentralized web entities. Both Qtum and AWS are an ideal match given that the latter is the largest global cloud service, provider.