Andy Jassy, CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, United States, October 25, 2016.
Even if crypto-currencies are more and more crushed, Amazon sees many opportunities with blockchain technology.
The new Amazon product will support two existing blockchain platforms: Ethereum and Hyperledger Fabric. Ethereum is a popular open-source construction platform for developers, linked to the cryptocurrency system, while corporate giants, including IBM, are currently building projects on Hyperledger.
"We are not building for the sake of optics," AWS President Andy Jassy said Wednesday at the re: Invent conference in Las Vegas. According to Jassy, AWS does not devote resources to anything when it "understands the problem" and said, "It's something that many businesses need."