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The partnership between Qtum and Amazon Web will help develop a blockchain-as-a-service (BaaS) solution for enterprises and developers.
Singapore based decentralized application Qtum has partnered with Amazon Web Services (AWS), Amazon’s cloud computing division in China. The partnership is a result of long discussions that started in July, when Qtum’s Amazon Machine Image (AMI) was listed on the Amazon Web services marketplace.
I just published QTUM Announces a Historic Partnership with Amazon Web Services https://t.co/JI8jD2wP4R
— Qtum (@qtum) October 18, 2018
Simon Wang, head of territory business development at AWS China, confirmed the partnership:
“Qtum is now an AWS technology partner and one of the partner network members.”
The collaboration of the companies is aimed at developing blockchain-as-a-service (BaaS) solutions for developers and businesses. According to Qtum, AWS users will be able to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI).
Furthermore, Qtum and AWS will work together to get feedback from customers about the use cases that are in demand and provide guidance to those who do not have much software development resources themselves.
Miguel Palencia, Qtum’s chief information officer, said:
“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. Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly.”
The partnership will make blockchain software development simpler and more accessible for corporate clients.
Qtum is a decentralized and open-source smart contracts platform and value transfer protocol based in China. Qtum incorporates the best parts of both Bitcoin and Ethereum and connects the existing blockchain with a virtual machine. Launched in 2017, Qtum employs a proof of stake consensus protocol that allows anyone with as little as one qtum to help secure the network and enables developers to build applications and smart contracts on the current blockchain technology.
Qtum Co-Founder Patrick Dai said:
“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.”
Last January, Qtum raised $1 million from such prominent investors as Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen. At that time, the company also partnered with Beijing-based company 360 Finance to set up a blockchain lab.
Recently, Qtum released its x86 virtual machine that would propel its value proposition over Ethereum by welcoming developers who code in any language. Next year, Qtum is planning to launch QtumX, in order to help major corporations take advantage of optimized smart contract automation and effectively welcome the “mainstream” to blockchain.