Can Amazon Meet the Blockchain Needs of its AWS Customers via Kaleido?

Friends, although AWS represents only 9% of Amazon’s revenue its 49% growth rate and strong margins are rapidly moving it to cash cow status with the firms portfolio of businesses. Enter Blockchain. Specifically, AWS’ 1m+ active users are demanding the tools and resources to Blockchain-enable their AWS services. Where to begin? Today Amazon announced a Blockchain partnership with Consensys (a Blockchain incubator) graduate Kaleido. Little is known about Kaleido, yet we are sure that Amazon has done its due diligence. Let’s give Amazon credit for forming this partnership. However, questions remain. Does Kaleido’s products and services have the functionality, scalability and support capabilities needed to support the voracious Blockchain appetite of 1m+ AWS users? Prediction: As Amazon tests the water with Kaleido, if this week’s Consensus 2018 Conference in any indicator, we expect the Seattle behemoth to make one if not multiple Blockchain acquisitions during the next year for AWS. And by the way we would not be surprised to see Amazon make one or more Cryptocurrency acquisitions in the next 3-5 years to fuel the payments site of its global eCommerce empire. Share your comments and subscribe today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)