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Amazon among the protagonists of the blockchain sector
Amazon among the protagonists of the blockchain sector
Blockchain

Amazon among the protagonists of the blockchain sector

By Marco Cavicchioli - 11 Aug 2020

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Amazon, along with IBM, Microsoft and Oracle, is considered one of the potential leaders in the blockchain industry. 

This is what emerges from the Global Blockchain in Fintech Market Report 2020, published by HTF Market Intelligence, which analyzes the market showing the trend towards scalability. 

The study analyzes in particular the role of Amazon Web Services, IBM, Microsoft, Oracle, Ripple, Earthport, Chain Inc, Bitfury Group, BTL Group, Digital Asset Holdings, Circle, Factom, AlphaPoint, Coinbase, Plutus Finanziario, Auxesis Group and BlockCypher in the blockchain sector. 

This analysis shows that the main players in this market are focusing strongly on innovation brought by new technologies, especially to improve production efficiency and reorganize the product life cycle. 

In this way, opportunities for long-term growth are seized by ensuring continuous improvements in production processes and taking advantage of financial flexibility to invest in optimal strategies. 

The companies analyzed in the section “Manufacturer Blockchain in Fintech Business” are the giants Amazon (and in particular Web Services), IBM, Microsoft and Oracle, as well as Ripple and Earthport. 

As a result, it is clear that importance is given above all to the technological infrastructures on which systems using distributed ledgers can be based, rather than to the concrete uses already in place. Since the report focuses precisely on the blockchain services market, it seems to suggest that the real protagonists are the companies that offer the basic infrastructures, compared to projects that exploit them to meet the needs of the market. 

Amazon, along with Apple, Facebook and Google, will also be called to testify in a series of hearings in the US Congress about online platforms and the market power of the so-called Big Tech. 

Two of the topics addressed will be the protection of users’ personal data, and what problems blockchain technology could solve with a decentralized approach in the implementation of Web 3.0. 

In other words, Amazon, together with Microsoft, could become not only the leading players in the distributed ledger infrastructure market, but also somehow a major player in the development of the new World Wide Web. It remains to be understood what the real interest of these giants in truly decentralized technologies could be. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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