Qtum blockchain becomes Amazon Web Services partner in China

Amazon signs a significant new blockchain partnership deal…

Public blockchain project Qtum has announced what it describes as a “historic” and “ground breaking”partnership with Amazon Web Services to develop enterprise-level Blockchain-as-a-Service (BaaS) solutions for businesses and developers.

In an announcement on its official blog, Qtum revealed that conversations between both parties regarding the partnership have been ongoing since April this year. The announcement comes less than a week after rumours swirled around the crypto space regarding a purported partnership between TRON and Chinese internet titan Baidu, which thus far remains unconfirmed.

Partnership Framework

Qtum (pronounced Quantum) is a global project that aims to be the bridge between the off-chain world and the blockchain world with a team comes from the Bitcoin and Ethereum communities as well traditional companies like Baidu, Alibaba, Tencent, NASDAQ and more. It enjoys the backing of some of the most notable blockchain players, traditional Venture Capitalists, and executives from some of China’s largest technology companies.

Amazon Web Services (AWS) on the other hand, is a secure cloud services platform, offering compute power, database storage, content delivery and other functionality to help businesses scale and grow.

Together, both Qtum and AWS aim to work toward expanding blockchain service offerings in a move towards establishing Blockchain-as-a-Service (BaaS) through AWS. These services will be focused primarily on creating the bases for enterprise-grade solutions, an identified need within the BaaS model of AWS enterprise customers.

QTUM is providing a smart contract development platform on AWS. AWS users and developers will now have the ability to develop and launch smart contracts via an Amazon Machine Image (AMI) that contains Qtum Core, Solidity, and Qmix web IDE quickly, efficiently, and cost-effectively. As the platform grows and develops, AWS and QTUM will expand their service offerings to include features explicitly built for end users, developers, and enterprise customers.

Speaking about the partnership, Miguel Palencia, CIO, Qtum Foundation said that “Qtum’s launch on the AWS marketplace provides an easy-to-use and powerful cloud-based solution for end users and enterprise. Anyone who wants to develop and build apps on the Qtum platform or use it as a staking node will benefit from this.”

The partnership marks Qtum as the first free and open-source blockchain to sign with AWS. Already displayed in the AWS marketplace, QTUM currently has a 5-star rating and a growing customer base. Through this partnership, Qtum and AWS will hope to create a valuable contribution for enterprise and individual blockchain end users alike.