There have been reports of Amazon registering cryptocurrency domain names! The registration dates back to November 2017. The names include: amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com. But, what does this all mean?
In recent news, Amazon has announced its own package and delivery service which could potentially destroy rival companies FedEx and UPS. In the article (Amazon Cryptocurrency Exchange), reporter Maj Soueidan explains how Amazon has the resources to create such an exchange and provides facts as to how the company has slowly been building the foundation to make such a transition.
The CEO of Amazon commented on the absence of the blockchain in their network and how issues are capable of being resolved without the blockchain. If you have not read any of my other blogs, I suggest you refer to https://steemit.com/cryptocurrency/@ctrl-alt-elite/ups-and-bitcoin as well as https://steemit.com/cryptocurrency/@ctrl-alt-elite/fedex-partners-with-bita. In these articles, I provided sources that show both FedEx and UPS are working with blockchain technology. Now, this makes me wonder what Amazon has up their sleeve.
So, I am interested in your thoughts on the subject. Do you think Amazon will create its own cryptocurrency exchange? Why have they not adopted blockchain technology? What technology do they depend on? And why are we hearing about the domain name adoption now? These are all questions I would like answered. I will be sure to update all of you as soon as the answers become readily available.
---Ledger
Amazon Competition- https://www.seattletimes.com/business/amazons-delivery-dream-is-a-nightmare-for-fedex-and-ups/
Amazon Crytocurrency Exchange- https://smartereum.com/a-potential-amazon-cryptocurrency-exchange-everyone-is-wondering-about-this-move-amzn/
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