Amazon has been one of the biggest disruptors in the technology space in the last decade. From its revolutionizing the way we order for books, to its forays into artificial intelligence, the company has carved a niche for itself. Joining the elite group of tech stocks called FANG. Facebook. Apple. Netflix. Google.
What if Amazon were to develop its own blockchain or cryptocurrency ? A blockchain by Amazon would be just one step in the company’s domination of the tech space. A company that has handles hundreds of thousands of transactions in a day would need blockchain to handle logistic records. An amazon bitcoin would witness large patronage by its loyal fanbase.
Is this wishful thinking? Perhaps. The technology space is turning to a rat race between the big 4 tech firms and all that is required is for one to take the lead. All 4 firms have access to large amounts of data. All four use large volumes of cloud computing and data storage. Those are areas where blockchain would be of immense use. Amazon and Facebook have a habit of acquiring the competition, so there is also the remote possibility both firms could be looking at acquiring a blockchain startup. Whichever way it goes, the tech space will continue to be an interesting one in the years to come.