News

Amazon to collaborate with Digital Currency Group

Tuesday 3 May 2016 00:49 CET | News

Amazon has announced its collaboration with Digital Currency Group (DCG) to secure the environment for blockchain providers.

The AWS announcement comes on the heels of a partnership between Microsoft and R3CEV, a consortium of 44 banks working to create standards for distributed ledger technology, for Microsoft to offer ‘blockchain as a service’ via the cloud.

DCG has received investments from a number of financial institutions including Mastercard, Western Union, New York Life and Canadian Imperial Bank of Commerce. The company’s portfolio includes more than 70 bitcoin and blockchain companies, financial institutions, insurance companies and enterprise technology companies.

Meltem Demirors, DCG’s director of community, said their company seeks to enable disruption in financial services, and Amazon Web Services is a natural collaborator given the fact that most of DCG’s portfolio relies on the AWS Cloud.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: digital currency, blockchain, Bitcoin, cloud, Amazon, Digital Currency Group
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
This article is part of category

DeFi & Crypto & Web3






Industry Events