Amazon Web Services is Now Working With Blockchain Startups

Amazon Web Services, the cloud computing arm of the Web commerce giant, is partnering with investment firm Digital Currency Group.

AccessTimeIconMay 2, 2016 at 4:30 p.m. UTC
Updated Sep 11, 2021 at 12:15 p.m. UTC

Amazon Web Services (AWS), the cloud computing business operated by Web commerce giant Amazon, is partnering with investment firm Digital Currency Group (DCG) to offer a blockchain experimentation environment for enterprises.

In collaboration with the startups in the DCG portfolio, AWS will provide dedicated cloud infrastructure and technical support for those projects. The startups, along with DCG, will collaborate with enterprise businesses looking to explore and test different blockchain applications.

Scott Mullins, head of worldwide financial services business development for AWS, said in a statement:

“Today in financial services, distributed ledger technology is at the forefront of any discussion related to innovation. AWS is working with financial institutions and blockchain providers to spur innovation and facilitate frictionless experimentation.”

While the deal represents the first official step into the blockchain space for AWS, the business has played a role in projects and initiatives involving the technology in the past.

Two months ago, Amazon was one of several cloud services that provided infrastructure for a commercial paper-trading trial conducted by the blockchain consortium led by New York-based startup R3CEV.

Back in January, an AWS workspace based in Manhattan played host to a blockchain startup event organized in part by Santander InnoVentures, the venture arm of Banco Santander.

Furthermore, blockchain providers like Eris Industries have used the AWS Marketplace to offer their solutions via the cloud, and in a recent blog post, Coinbase CEO Brian Armstrong detailed how the bitcoin exchange and wallet service utilizes the service.

Globally, Amazon’s cloud services have proven both popular and profitable, netting roughly $2.7bn in income during the first quarter of this year, according to a report by GeekWire.

Image Credit: logoboom /

Disclaimer: CoinDesk is a subsidiary of Digital Currency Group.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.