Amazon Web Services Offers Cloud Computing Infrastructure to DCG Portfolio Firms

Amazon Web Services (AWS), the cloud computing arm of online retail giant Amazon, revealed today a partnership with New York-based blockchain investment firm Digital Currency Group. The collaboration will allow firms in the DCG portfolio to carry out experiment with various blockchain frameworks on the AWS cloud computing infrastructure.

Scott Mullins, head of worldwide financial services business development at AWS, said in a statement:

“DCG is a recognized leader in distributed ledger technology, and we are excited to work with them and their portfolio companies to provide laboratory environments for enterprise experimentation with blockchain technology on AWS.”

Mullins also added that distributed ledger technology is at the “forefront of any discussion related to innovation” in the financial industry.

Barry Silbert’s DCG has invested heavily into a multitude of international blockchain/bitcoin startups that are focused on the applications of the technology in enterprise environments; permissioned blockchain developer BigchainDB; bitcoin sidechain firm Blockstream; blockchain identity service Onename; diamond certification startup Everledger.

Director of community at DCG, Meltem Demirors, explained that many companies which DCG has invested in were in need of an accommodating IT infrastructure, so they could “grow and scale while simultaneously supporting corporate discovery and experimentation”.

Demirors also stated that the venture capital model must “evolve” to meet the capital demands of disruptive fintech startups and companies.

Like AWS, other cloud computing platforms such as IBM’s Bluemix and Azure – Microsoft’s blockchain-as-a-service (BaaS) platform – are already in the business of providing blockchain-oriented cloud computing infrastructure.

 

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