Qtum signs momentous partnership with Amazon Web Services in China

18 Oct, 2018
by Matthew Kim
News
Qtum signs momentous partnership with Amazon Web Services in China

The China division of Amazon Web Services (AWS), the well-known cloud services platform, is partnering with blockchain project Qtum. QTUM became the first free and open-source blockchain to sign with AWS.

The partnership, revealed exclusively to CoinDesk, was formed to “develop blockchain-as-a-service (Baas) solutions for enterprises and developers”. By providing smart contract development platform on AWS, users and developers will “have the ability to develop and launch smart contracts via an Amazon Machine Image (AMI)” quickly efficiently, and cost-effectively. Qtum’s chief information officer Mike Palencia told CoinDesk that the Qtum will work with AWS to get feedback from customers and to provide guidance to clients that lack development resources.

Miguel Palencia:

“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 dapps on the Qtum platform or use it as a staking node will benefit from this”

The talks for collaboration began back in April, according to Qtum’s marketing Director John Scianna. Qtum’s Amazon Machine Image (AMI) was placed on the AWS marketplace in July, and the relationship blossomed into a technological partnership. “Qtum are now an AWS technology partner and one of the partner network members”, AWS China’s head of territory business development Simon Wang told CoinDesk.

Qtum is currently the 27th cryptocurrency in terms of market capitalization, with $334 million. Their token is valued at $3.87 at the time of writing. In the past 24 hours, the token has jumped up 5 percent.

Read Qtum's full announcement here.

Read more about:Qtum (QTUM)

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