On April 30th 2019, Amazon Web Services announced the release of the Amazon Managed Blockchain (AMB). AMB is a fully managed service that simplifies the process of creating and managing scalable blockchain networks. This enables people and companies to build networks that can support thousands of applications and millions of transactions. Currently, Amazon only supports the Hyperledger Fabric platform but plans on implementing Ethereum soon.
Google released a similar product late last year that allows you to deploy your own Ethereum network with a few clicks. Microsoft, another tech giant that you may have heard of, is paying thousands of dollars to developers who can contribute to the Ethereal Virtual Hackathon which is running from April 15th to April 30th. Amazon, Google and Microsoft are investing heavily in blockchain and cryptocurrency, it’s safe to say that this technology is not going away anytime soon. And if it does, I think we all know which celestial body it’s going to. 🚀🌑
Crypto today is where the internet was in the early 90’s. We are beginning to see big players step into the arena and accelerate the evolution and adoption of this revolutionary technology. The key is finding the Google and Amazon of tomorrow. The CEO of Amazon, Jeff Bezoz, recently went on record predicting the future of Amazon, “Amazon is not too big to fail. In fact, I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.” What kind of future can you envision where Microsoft, Amazon and Google are replaced by bigger and better companies?