Qtum (QTUM) Partners With Amazon Web Services (AWS) China [Verified]

Qtum (QTUM) and Amazon Web Services (AWS) have signed a historic partnership to offer AWS customers Blockchain-as-a-Service (BaaS).

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Qtum (QTUM) and Amazon Web Services (AWS) have signed a historic partnership to offer AWS customers Blockchain-as-a-Service (BaaS).

The Singapore-based blockchain project announced the news in a blog post on Wednesday, October 17, 2018. XBT.net confirmed the partnership by verifying the AWS Marketplace listing as shown below.

Qtum and AWS China will use the partnership to work towards the development of enterprise-grade Blockchain-as-a-Service (BaaS) solutions, which will allow AWS customers 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.”

AWS’ partnership with Qtum, one of the leading crypto platforms by market capitalization of over $345 million, makes it the first time the cloud computing giant has teamed up with a “free and open-source blockchain” project.

AWS China’s head of business development Simon Wang confirmed the partnership, saying that:

“Qtum are now an AWS technology partner and one of the partner network members.”

Qtum Foundation CIO Miguel Palencia added that launching Qtum on AWS Marketplace offers enterprises and end users an “easy-to-use and powerful cloud-based solution.”

He also noted that the partnership would benefit anyone interested in developing and building dApps or staking on the PoS platform.

The partnership also allows Qtum and AWS to collaborate on handling feedback received from customers concerning the most in-demand use cases most, aiming at providing guidance to users with inadequate software development resources.

Palencia added that:

“We are going to work together [with Amazon] to contact different customers and clients. We’re looking into use cases, and the best way to do it is to have a contact with companies who have those use cases.”

The two companies confirmed having been in discussion since April this year, and becoming a member of the Amazon Partner Network will is likely to be beneficial to Qtum users.

According to AWS’ website, network partners receive various resources in technical, business, sales, and marketing that are useful in business expansion as well as customer support.

Qtum launched its hybrid public blockchain in 2017, after raising $1 million that January from several angel investors, including Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li, and Fenbushi partner Bo Shen.

AWS listed Qtum’s AMI on its marketplace in July 2018, spurring the crypto platform’s team towards a technological partnership with one of the world’s internet giants, John Scianna, Qtum’s marketing director has said.

QTUM price gains

This “historic partnership” could have played a significant role in QTUM’s price surge in the last 24 hours, with its value rising by more than 6 percent against both the U.S dollar and BTC.

According to XBT.net, the coin is trading at $3.93 and has traded over $300 million worth of QTUM in the past 48 hours. The 27th ranked cryptocurrency was the biggest gainer among the top 30 digital currencies yesterday, with the top three all trading in the red in the last 24-hour period.

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