The soon-to-be-new Amazon boss has already released blockchain products.
Amazon today announced that founder and CEO Jeff Bezos will step down as CEO. Amazon Web Services CEO Andy Jassy, who oversaw Amazon’s crypto product offerings, is set to replace him
In a letter to employees, Bezos said he was going to become CEO of Amazon, where he would „focus his energies and attention on new products and early initiatives.“ This transition should take place towards the end of the year.
Bezos also stated that Jassy would be „an excellent leader“ and that he has every confidence.
The crypto world knows that Jassy has welcomed blockchain technology in the past. That may be a clue to the long-term crypto strategy of the world’s third most valuable company by market capitalization.
In 2017, Jassy gave a mixed résumé about blockchain technology and its applicability to Amazon’s business . In a statement at the Amazon „re: Invent“ conference, he expressed doubts that blockchain could be used for more than one „distributed ledger“. But he also said that he and his team were personally interested in it. However, company policy is that they „don’t build technology just because we think it’s cool“.
However, he left it open as to whether the company would like to deal with it in the future and said: „We are very curious about what customers will ultimately do there.“
In 2018, Jassy launched a „quasi-blockchain“ offering and oversaw the launch of two blockchain products : Amazon Quantum Ledger Database and Amazon Managed Blockchain. As Cointelegraph reported, the products had centralized databases but included cryptographic aspects.
Aside from these two products, Amazon has largely been used as a scapegoat for crypto. In November 2020, Coinbase attributed one of the frequent crashes on the website to an AWS outage . But the crypto community is eagerly awaiting the new CEO to see what changes Jassy will bring.