Jeff Bezos steps down as Amazon chief

Jeff Bezos steps down as Amazon chief: crypto-friendly successor Andy Jassy

The soon-to-be new Amazon boss has already launched blockchain products.

Amazon announced today that founder and CEO Jeff Bezos was stepping down as CEO. Amazon Web Services CEO Andy Jassy, who oversaw Amazon’s crypto product offerings, is to replace him.

In a letter to employees, Bezos said he would become executive chairman of Amazon’s board, where he plans to „focus his energies and attention on new products and Bitcoin Millionaire scam early initiatives“. This transition is expected to be completed towards the end of the year.

Bezos also stated that Jassy would be „an outstanding leader“ and had his full confidence.

The crypto world knows that Jassy has embraced blockchain technology in the past. This is possibly indicative of the long-term crypto strategy of the world’s third most valuable company by market capitalisation.

Jassy gave a mixed review of blockchain technology and its applicability to Amazon’s business in 2017

In a statement at Amazon’s „re:Invent“ conference, he expressed doubts that blockchain could be used for more than a „distributed ledger“. But he also said that he and his team were personally interested in it. However, the company’s policy is that they „don’t build technology just because we think it’s cool“.

He did, however, leave open the question of whether the company will look into it in the future, saying, „We’re very curious to see what customers end up doing there.“

In 2018, Jassy provided 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 centralised databases but included cryptographic aspects.

Apart from these two products, Amazon has largely just been a scapegoat for crypto. In November 2020, Coinbase attributed one of its frequent website crashes to an AWS outage. But with a new CEO, the crypto community is eagerly waiting to see what changes Jassy will bring.