This week, Qtum, the Singapore based blockchain project, announced a new partnership with Amazon Web Services' (AWS). AWS is Amazon’s cloud computing company, and users of the service will soon be able to develop and launch smart contracts thanks to the new partnership with Qtum. According to a press release issued on Wednesday, the smart contracts will use the Amazon Machine Image (AMI).

Qtum CIO, Miguel Palencia was not extremely specific about how blockchain will be applied, but said that they will be dealing with companies on a case by case basis. Palencia told CoinDesk :

"We are going to work together [with Amazon] to contact different customers and clients. We're looking into use cases, and the best way to do it is to have a contact with companies who have those use cases. Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly."

Simon Wang of AWS China, confirmed the partnership, saying that: "Qtum are now an AWS technology partner and one of the partner network members."

The company has been in talks about this partnership since earlier this year. Back in July, AWS made Qtum’s development platform available to its users.

At the time, Qtum Co-Founder Patrick Dai said:

“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.”

Last month, CryptoGlobe reported that Yoav Vilner, a startup mentor for Microsoft and Google, said that Qtum was among Ethereum’s “top challengers.”

Qtum will also be able to use the Lightning Network (LN) (a second-layer payment solution designed for blockchains to enable faster transactions.)

At time of publishing, Qtum is trading at $3.93, with a market cap of over $349 million, making it the 27th largest cryptocurrency in the world by market cap.