Public blockchain project Qtum has become an official partner to the Chinese division of Amazon Web Services (AWS). Qtum is a cryptocurrency project with a $325 market cap, which places it in the top 30 largest cryptocurrencies.
The new partnership between Amazon Web Services and Qtum aims to develop blockchain-as-a-service (BaaS) for both developers and enterprises.
In an exclusive press release, the Qtum team revealed the collaboration will allow AWS users to create and launch smart contracts in a fast, efficient, and cost-effective manner using an Amazon Machine Image (AMI).
AWS head of territory business development Simon Wang said:
“Qtum are now an AWS technology partner and one of the partner network members.”
The Singapore-based blockchain project was listed on the AWS marketplace in July. Since then, the company progressed to a full-scale technological partnership, according to John Scianna, marketing director at Qtum. Apparently, the two companies have been in talks since April.
The collaboration between AWS and Qtum is focused on getting customer feedback regarding the most in demand use cases and offer guidance to clients who lack software development resources. Qtum’s chief information officer, Mike Palencia said:
“We are going to work together [with Amazon] to contact different customers and clients. We’re looking into use cases, and the best way to do it is to have a contact with companies who have those use cases,” Palencia said. “Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly.”