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RE: Amazon doubling down on blockchain technology

in #crypto5 years ago

I don't fully understand the connection with ethereum (due to my own limited understanding of the technology) but this seems to be just another case of a large corporation integrating blockchain into its operation but not crypto. It seems that most of these corporations are turning to centralized blockchains like those created by Microsoft and what not. The technology aspect is cool for sure but its unfortunate that it doesn't help in the adoption of crypto, aside from maybe awareness by the public whom might associate blockchain and crypto as being synonymous, which they aren't. I saw the discussion on crypto possibly being implemented down the road which would be great, but thats mostly speculative. I guess we will see. The technology aspect of this is cool and interesting for sure, but people should be aware that it may have no impact whatsoever on crypto adoption. Unless I'm not understanding something?

Note: I'm not trying to be critical of the post (hopefully it does not come across that way - again it's very interesting technology-wise). I'm just trying to point out something that may not be obvious to some which is blockchain and crypto are not synonymous.

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Any mainstream use of blockchain or crypto will have the side effect of increasing awareness, interest, and spending into similar technologies.

Ethereum is just that Amazon offers a managed blockchain service based on Ethereum. Different product but shows their focus on blockchain & crypto.

Well, I don't disagree with that lol.
Thanks for clarifying the ethereum part.

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