HomeNEWSWeb3 advancement: IOST partners Amazon Web Services

Web3 advancement: IOST partners Amazon Web Services


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As the trend to push Web3 advancement into the next level is gradually heating up, firms around the globe are collaborating to establish a synergy towards that course. In a blog post today, IOST announced that it has collaborated with Amazon Web Services (AWS) to fast-track the growth of the Web3 space.

As established, the collaboration will facilitate the creation of a secure and scalable blockchain system that provides a seamless user experience. Also, IOST will intergrate Amazon Web Services Web3 solutions. With that, the firm will be able to strengthen its DeFi, NFTs, GameFi, Web3 and Metaverse services.

Furthermore, through the partnership, IOST will enjoy the onboarding of experts from its new partner and other teams around the globe. This aim will manifest as IOST will leverage AWS’s global reach, computing network, AI/ML tools and decentralized IT architecture. Combining these tools and support, the firm will design a secure and distributed digital economic system.

Accordingly, IOST in the blog post registered confidence in the competence of AWS to aid its vision of realizing the full potential of Web3. Also, the firm indicated that the partnership manifested because AWS’s vision aligns with its quest of advancing the Web3 space.

Presently, AWS is famous in the tech industry for its renowned cloud computing platform. Worth noting, the platform provides computing, storage, database, machine learning, artificial intelligence, IoT, and infrastructure analysis.

Prior to its collaboration with IOST, AWS provided more than 200 digital services for data centres. Therefore, cementing its reputation as a diverse, fair, and inclusive ecosystem for emerging businesses, government institutions and private enterprises.

Side note about IOST

Meanwhile, IOST has engaged in numerous partnerships to enhance the growth of its ecosystem. The platform provides a blockchain infrastructure that’s open-source and crafted to enhance scalability and safety. The firm is working towards ensuring that its blockchain will be the core basis of online services.

More so, the blockchain employs a proof-of-believability consensus algorithm to facilitate swift and secure transactions on its platform. The IOST blockchain has a native token which is ranked 154 among the top cryptocurrencies. According to Coinmarketcap, the IOST coin is presently trading at $0.01192 and it has been up by 2.46% in the last 24 hours.

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David Idowu
David Idowu
David Idowu is a crypto reporter and trader with wealthy years of experience. He believes that blockchain technology has numerous opportunities that are begging for proper utilization. Away from work, David is either reading about World Politics, History or Tech Innovations.

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