QTUM has started a new partnership with Amazon Web Services China in the pursuit to create “enterprise-grade blockchain solutions.”

This — put in other words — means that the platform will be proposed as a part of the blockchain as a service (BaaS) offering on AWS China. The news comes from a post on the official QTUM blog.

“These services will be focused primarily on creating the bases for enterprise-grade solutions, an identified need within the BaaS model of AWS enterprise customers.”

“As the platform grows and develops, AWS and QTUM will expand their service offerings to include features explicitly built for end users, developers, and enterprise customers.”

The PoS blockchain will be used for smart contract development on the industry-leading platform and already has a dedicated Amazon Launch Image. The image will integrate — among others — QTUM core, Solidity, and Gmix (a web integrated development interface).

Moreover, the startup will also obtain access to the technical, marketing and business expertise and resource with this partnership.

QTUM consequent price action

This partnership — which the startup defined “historic” — is probably the reason why the price of the cryptocurrency has risen over 5% since the news spread.

The same asset has lost 97% of its value since its all-time high in January. Today the asset gained over 20 million dollars in market cap reaching nearly $346 million.