[2014-05-29] Amazon AWS Prepares for Bitcoin, New Patent Shows

[_smudger_]

While Amazon doesn't appear to be in any hurry to offer Bitcoin on its marketplace, it was awarded a patent that includes Bitcoin as a funding source for its cloud computing services, known as AWS. The United States Patent and Trademark Office (USPTO) granted patent 8,719,131, "Allocating financial risk and reward in a multi-tenant environment," to Amazon Technologies, Inc. The patent was originally filed on March 29th, 2012.

The patent appears to be a flexible pay-per-use cloud computing scheme that Amazon could integrate into AWS. The patent covers a broad range of uses including allowing for "anonymously spawned" frictionless pay-per-use resource allocation as well as a crowdsourcing fundraising mechanisms to provide access to these resources.

Users would get access to Amazon services without having to provide their private credentials such as credit card number and home address in part by paying for services with Bitcoin.

http://www.ecommercebytes.com/C/abblog/blog.pl?/comments/2014/5/1401323908.html

[hilariousandco]

Already posted here: https://bitcointalk.org/index.php?topic=629608.0

I'm sure this is less exciting than it sounds, but at least it shows Amazon's interest in Bitcoin.

[Yeezus]

So what exactly is AWS and how will this work exactly?

[bryant.coleman]

So what exactly is AWS and how will this work exactly?

AWS stands for the Amazon Web Services.

http://en.wikipedia.org/wiki/Amazon_Web_Services

Amazon Web Services (abbreviated AWS) is a collection of remote computing services (also called web services) that together make up a cloud computing platform, offered over the Internet by Amazon.com. The most central and well-known of these services are Amazon EC2 and Amazon S3. The service is advertised as providing a large computing capacity (potentially many servers) much faster and cheaper than building a physical server farm.