Bitcoin Global NewsWire (BGN)

December 18, 2018 -- ADVFN Crypto NewsWire -- What if we do not need distributed consensus mechanisms? That is apparently a question that Amazon has not only posed, but also found to be a problem with getting other companies to take on the Blockchain as a viable technical solution. In response to this supposed issue, Amazon appears to be releasing an alternative.

According to a CoinDesk article that was published today, last month, Amazon showcased what is now being called the “Amazon Quantum Ledger Database.” What is almost shocking about it is that as a technical solution, it reportedly sits between the cloud and the blockchain in terms of how it works. Therefore, if they succeed with this effort as they have with almost everything else, they could seriously threaten both spaces at the same time. Since the cloud space is already basically controlled by Amazon already, the blockchain space would stand to lose a lot more.

To understand if this is likely, however, it is important to begin by understanding the basics of the AQLD’s tech. Judging by CoinDesk’s conclusions on the subject, the platform is Amazon’s attempt at simplifying the blockchain. Once this is known, it is also logical to conclude that the AQLD could represent an opportunity for the blockchain industry instead of a threat. Perhaps a solution that straddles the boundaries of two spaces could, in turn, push blockchain developers to aim for further simplicity. With the fact in mind that Amazon has made a conscious effort to establish partnerships with firms like ConsenSys and R3, one could conclude that this is even more likely.

If we, as a collective space, see such apparent threats in this fashion, perhaps discovering the most efficient approach to blockchain scaling would become clearer. In the end, however this possibility turns out, this case does represent another opportunity for us as blockchain investors and professionals to learn how to separate a possible threat from a true one.

By: BGN Editorial Staff