by Rushali 
Today, Amazon has announced that founder and CEO Jeff Bezos is planning to step down as CEO, and Amazon Web Services CEO Andy Jassy will replace him.
In his letter to employees, Jeff Bezos said that he would be transitioning to the role of executive chair of the Amazon board, where he would “focus my energies and attention on new products and early initiatives.” The transition is scheduled for later in the year.
Bezos also noted that Jassy “will be an outstanding leader, and has my full confidence.”
Now, the crypto industry is really interested in this replacement, reason behind this is Jassy’s history when it comes to embracing blockchain technology, it may be an indication of any crypto strategy of the world’s third-most valuable company by market capitalization.
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Jassy offered a mixed review of blockchain technology and its applicability to Amazon’s business in 2017. In a statement at the Amazon “re Invent” conference, he expressed doubt that blockchain could be used for more than a “distributed ledger” but also said he and his team were personally interested. However, company policy dictated that they don’t “build technology [just] because we think it is cool.”
But he kept the road clear by saying; “We are very intrigued by what customers are ultimately going to do there.”
In 2018, he launched two blockchain products: Amazon Quantum Ledger Database and Amazon Managed Blockchain. Reportedly, the products maintained centralized databases but included cryptographic qualities.
Normally, the firm has never commented on cryptocurrencies, let’s see what the new CEO does.
