Amazon has introduced right now that founder and CEO Jeff Bezos is planning to step down as CEO, and Amazon Net Companies CEO Andy Jassy — who over
Amazon has introduced right now that founder and CEO Jeff Bezos is planning to step down as CEO, and Amazon Net Companies CEO Andy Jassy — who oversaw Amazon’s crypto product choices — will substitute him.
In his letter to staff, Bezos stated that he could be transitioning to the position of government chair of the Amazon board, the place he would “focus my energies and a spotlight on new merchandise and early initiatives.” The transition is scheduled for later within the 12 months.
Bezos additionally famous that Jassy “will probably be an impressive chief, and has my full confidence.”
The crypto world’s consideration now turns to Jassy’s historical past in relation to embracing blockchain tech, because it might be a sign of long-term crypto technique of the world’s third most dear firm by market capitalization.
Jassy supplied a combined overview of blockchain tech and its applicability to Amazon enterprise in 2017. In a press release on the Amazon re:Invent convention, he expressed doubt that blockchain might be used for greater than a “distributed ledger,” but in addition stated he and his crew have been personally . Nonetheless, firm coverage dictated that “construct know-how [just] as a result of we predict it’s cool.”
He did depart the door open for future exploration, nevertheless, saying “We’re very intrigued by what clients are finally going to do there.”
In 2018, Jassy did transfer ahead with a “quasi-blockchain” providing, as he oversaw the launch of two blockchain merchandise: Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. As Cointelegraph reported, the merchandise maintained centralized databases, however included cryptographic qualities.
Except for these forays, Amazon has largely solely made crypto headlines as a scapegoat: in November of 2020, Coinbase blamed a AWS outage for considered one of it’s frequent service interruptions. However as a brand new CEO steps in, the crypto neighborhood is raring to see what, if any, adjustments Jassy will deliver.