Blockchain Dreams Dashed (For Now)
During the recent AWS annual re:Invent conference in Las Vegas, CEO Andy Jassy made it quite clear: Amazon Web Services (AWS) won’t be diving into the Blockchain pool just yet. In a move that surprised some and left others scratching their heads, Jassy outlined his views concerning the much-hyped technology, labeling it as having limited applications “beyond the distributed ledger.” It seems that a hype bubble might have burst!
Why No Blockchain?
Well, folks, it turns out that AWS is not one to follow trends for the sake of being trendy. Jassy stated, “We don’t build technology because we think it is cool,” and honestly, is there a better motto for tech companies today? They prefer to pursue solutions with solid footing rather than placing bets on trend-driven technology.
Many Fish in the Sea
According to Jassy, there are indeed numerous alternatives to solve the problems Blockchain claims to address. While Blockchain proponents might argue otherwise, the CEO pointed out that most existing distributed ledgers currently lack the capability of handling complex tasks. When it comes to tech, it’s all about efficiency and efficacy, right? A flashy new gadget isn’t useful if it doesn’t do the job.
A Glimmer of Hope
Despite his candid remarks, Jassy hasn’t completely ruled out embracing Blockchain technology in the future. He stated an intriguing position: “We are very intrigued by what customers are ultimately going to do there.” If that’s not the corporate equivalent of leaving the door ajar for discussion, I don’t know what is!
The Competition Heats Up
While AWS hesitates, its competitors are forging ahead with Blockchain projects. Giants like Microsoft and IBM have been busily rolling out various Blockchain services and pilot initiatives. They’ve lined up collaborations with customers to explore the potential of this technology. It’s a race, and AWS is currently doing more watching than running!
A Brief Look at AWS
Just for context, AWS is not just any subsidiary; it’s the tech backbone of Amazon.com. It delivers an extensive range of IT infrastructure services, providing everything from cloud computing to storage and mobile services. With its roots firmly planted in reliable technology, AWS is treading thoughtfully amidst the Blockchain buzz.
