Amazon Web Services will use Avalanche to introduce Blockchain technology to businesses and governments. Ava Labs is the first Blockchain to partner with Amazon’s cloud computing platform. After the news, the altcoin price took flight.
Avalanche’s AWS partnership jumps altcoin price!
Cloud computing platform Amazon Web Services (AWS) will work with Ava Labs to drive wider adoption of blockchain technology by companies, institutions and governments. AWS will support Avalanche’s infrastructure and decentralized applications (dapps). So the partnership will make it easier for developers to start and manage nodes on the Avalanche Blockchain. Avalanche announced the news on its official Twitter account as follows:
Amazon has chosen Avalanche to bring scalable Blockchain solutions to businesses and governments. AWS fully supports Avalanche’s infrastructure and dApp ecosystem, including one-click node deployment, and offers the best tools for these high compliance use cases. Developers can now use AWS to deploy scalable, fault-tolerant and compliant offerings while reducing costly compliance overhead and time.
After this important development, the AVAX price took off. The altcoin jumped from the $12.45 level it had been watching during the day to $14.89. At press time, AVAX was trading at $14.55, up 13.72% in the last 24 hours.
“This is not your grandfather’s ‘AWS partnership announcement’!”
cryptocoin.com As we reported, Ava Labs also plans to add a ‘sub-net’ deployment, a network within a network, to the AWS Marketplace, enabling both individuals and enterprises to easily launch private subnets. “Being able to launch nodes and test networks instantly with AWS has been a huge boon for both individual and enterprise developers,” said Emin Gün Sirer, Founder and CEO of Ava Labs. Sirer also shared a series of tweets, where he began, “This is a big deal.” This series highlighted the following:
This is not your grandfather’s ‘AWS partnership announcement’. In the past, other Blockchains paid AWS to host some nodes and offered it as ‘AWS partnered with SomeChain’. In reality SomeChain was paying AWS, they were an AWS customer. There was no meaningful partnership. This announcement is the opposite. AWS is aware of how blockchains evolve into sub-nets serving as application chains. It also wants to be one of the hosting providers for the many sub-nets that people are about to launch.
The partnership with Ava Labs is AWS’ first partnership with a Blockchain project. Despite this, many other Blockchains, including Ethereum and other smaller ones, are already using AWS to power their networks. Meanwhile, a follower asked CEO Emin Gün Sirer how much they would pay AWS. Sirer replied with zero payout:
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