Eduard Watson

2 months ago

Amazon just modified the job listing that originally stated that the retail giant wants to build a blockchain-based advertising platform.

The world’s largest e-commerce retailer had recently posted the listing on Linkedin for a software development engineer for the Colorado offices.

Amazon plans to expand the advertising business

The Daily Hodl noted that Amazon’s management plans to expand the advertising business by using the existing cloud-based infrastructure and online retail data.

Cointelegraph reported that the firm’s job post originally read the following:

“Our new team in Boulder, CO is looking for a [Senior] Software Engineer to work within our Advertising FinTech team focused on a Blockchain ledger, billing, and reconciliation systems to provide data transparency on transnational financial data,” according to the post.

It continued and said: “This is an opportunity to define a technology architectural direction of a greenfield area for Amazon’s advertising business using the newest technologies.”

A while ago, more news outlets reported the news that the company has blockchain ambitions and the giant firm, removes the reference to the blockchain technology.

The online publication mentioned above notes that the revision is currently focused on the company’s use of a financial ledger.

“Our new team in Boulder, CO is looking for a Sr. Software Engineer to work within our Advertising FinTech team focused on a financial ledger, billing and reconciliation systems to provide data transparency on transnational financial data,” Amazon says.

Amazon in the news

Amazon made headlines not too long ago again after, during a recent conference in Berlin called WeAreDevelopers, David Schwartz addressed all these Ripple’s efforts to work with banks and financial institutions in order to improve the speed and cost of cross-border remittances.

According to his opinion, giants such as Amazon and Uber would benefit a lot from using digital coins such as XRP because this would allow them to pay international employees in an instant.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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