Thomas Cloer / Flickr

QTUM (QTUM), a platform for implementing plug-and-play smart contract bridging functionality from both Bitcoin and Ethereum, has announced a partnership with Amazon Web Services (AWS) to establish blockchain-as-a-service (BaaS) offerings through the AWS cloud.

According to the announcement, QTUM and AWS have been in discussions since April 2018, and are now bringing the ability to develop and launch smart contracts via the Amazon Machine Image (AMI), which contains Qtum Core, Solidity, and Qmix web IDE. This arrangement makes QTUM the first open-source blockchain platform to sign with AWS.

“Qtum’s launch on the AWS marketplace provides an easy-to-use and powerful cloud-based solution for end users and enterprise. Anyone who wants to develop and build dApps on the Qtum platform or use it as a staking node will benefit from this,” said the Qtum Foundation’s CIO, Miguel Palencia.

QTUM notes in the announcement that this is the beginning arrangement of a partnership they hope to grow to ultimately provide end-to-end solutions for everyone from developers to large-scale enterprises.

The price of QTUM is currently down 5% on the day to $3.82 after briefly jumping above $4.00 following the news. The project’s market cap is now $339.5 million, making it the 26th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

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More: QTUM Announces a Historic Partnership with Amazon Web Services
Similar: ‘Partnership’ Between TRON (TRX) and Baidu Has Nothing to Do With the Blockchain
Photo: Thomas Cloer / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.



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