Amazon and Microsoft Set to Make Millions From Blockchain
Once just two percent of servers run on blockchain technology, Bank of America research analyst Kash Rangan predicts the market for blockchain technology will be worth $7 billion. Nine companies have been identified as likely to benefit significantly from the technology including Amazon and Microsoft. As reported by CNBC , Rangan didn’t put a time stamp on his predictions but also included technology giants Oracle, IBM, Salesforce, and VMware as others set to benefit. “Many blockchain use cases have been identified, but full products/services have not yet been built out and are not used in production,” said Rangan. The analyst says that Amazon Web Services (AWS) will benefit “from incremental cloud services demand from blockchain implementation, while improved supply chain tracking should make Amazon’s retail operations more efficient.” Rangan also predicts that blockchain will improve software-as-a-service (SaaS) platforms and that blockchain-as-a-service (BaaS) will eme