IOST partnership with Amazon web pushes native token higher

The Internet of Service Token (IOST) network’s native token rose 8% to $0.01269 due to its partnership with Amazon Web Services (AWS).

According to IOST, IOST is back at $0.01203 at the time of writing. of crypto slate data.

Partnership between IOST and Amazon

According to March 2nd statementthe partnership aims to advance Web3’s progress by “creating a secure and scalable blockchain platform that offers a seamless user experience.”

With new partnerships, IOST integrates AWS 3.0 solutions into the ecosystem to improve web3, metaverse, DeFi and NFT offerings.

“[IOST will be] Leveraging AWS’ global reach, robust network computing power, AI/ML tools, and decentralized IT architecture, IOST will employ a larger team of developers worldwide to build a secure and decentralized digital economy. Create a system. “

Launched in 2018, IOST used a new proof of trust consensus algorithm to build an ultra-high transactions per second blockchain.

The network has previous history with AWS.The network’s Blockchain-as-a-Service (BaaS) platform is live On the AWS Marketplace in 2019. IOST Foundation became It is the first blockchain project interviewed and promoted by AWS China in 2020.

Amazon Web Services, on the other hand, is one of the largest cloud platforms and has recently made inroads into the cryptocurrency industry.