& cplSiteName &

Amazon Patents Digital Cash for à la Carte Cloud Computing

Mitch Wagner
5/29/2014
50%
50%

Amazon won a patent for allowing customers to pay for cloud services with Bitcoin or other digital currency, opening the door for anonymous, pay-as-you-go cloud computing, according to a report.

Patent 8,719,131, filed March 21, covers a system for paying for computing resources in a multi-tenant environment. Resources could be allocated anonymously -- not be associated with a specific user account, according to CoinDesk, a digital currency news site. Users would submit the payment as part of the request for resources. (See Amazon Awarded Bitcoin-Related Cloud Computing Patent.)

    Speed is essential, for example, as a user might request access to a server for just two hours and pay for it digitally.

    The patent could be described as enabling an "à la carte" approach to cloud computing -- take what you need for as long as you need it, with no subscription or long-term obligation, no need to plan ahead.

Amazon.com Inc. (Nasdaq: AMZN), which runs the largest cloud service in the world, isn't presently interested in digital currencies; payments head Tom Taylor said in April the company has no immediate plans to "engage Bitcoin," CoinDesk says.

The only uses I can think of for this service are illegal. That's not necessarily a bad thing; illegal services include both malware (bad) and anonymous communications hidden from the prying eyes of dictatorships (good).

In other Bitcoin news, Dish Network LLC (Nasdaq: DISH) announced today it will start accepting Bitcoin payment. (See Dish Says Yes to Bitcoin.)

— Mitch Wagner, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profileFollow me on Facebook, West Coast Bureau Chief, Light Reading. Got a tip about SDN or NFV? Send it to wagner@lightreading.com.


Want to learn more about SDN and the transport network? Check out the agenda for Light Reading's Big Telecom Event (BTE), which will take place on June 17 and 18 at the Sheraton Chicago Hotel and Towers. The event combines the educational power of interactive conference sessions devised and hosted by Heavy Reading's experienced industry analysts with multi-vendor interoperability and proof-of-concept networking and application showcases. For more on the event, the topics, and the stellar service provider speaker lineup, see Telecommunication Luminaries to Discuss the Hottest Industry Trends at Light Reading's Big Telecom Event in June.


(26)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Page 1 / 3   >   >>
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
6/5/2014 | 4:39:38 PM
Re: I wonder if this might not cover mturk payments someday
@mhhf1ve, you are right.  That is a big market potential for them.  That sounds like the kind of tactical move they would make, too!

 
mhhf1ve
50%
50%
mhhf1ve,
User Rank: Light Sabre
6/5/2014 | 4:24:14 PM
Re: I wonder if this might not cover mturk payments someday
Digital payments not only competes with eBay, but also any other ecommerce site PLUS the banking industry. I'm not sure if this patent will help amazon carve out its niche in the digital payment market, but amazon should certainly be interested in the area.
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
6/5/2014 | 2:19:49 PM
Re: I wonder if this might not cover mturk payments someday
@Joe, I think you nailed it on the competitiveness with eBay.
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
6/5/2014 | 2:18:14 PM
Re: Non-obviousness!!!!!
@Joe, good points.  My bet is they will be miffed that Amazon patented it.

And, create a market for other digital payments, like mhhf1ve mentions as well.
Joe Stanganelli
100%
0%
Joe Stanganelli,
User Rank: Light Sabre
6/5/2014 | 3:30:34 AM
Re: I wonder if this might cover mturk payments someday...
@mhhf1ve: You know, the more I think about this, the more I think that this is Amazon trying to leverage digital currency for its own purposes in taking on PayPal and eBay.

Amazon has long competed with eBay quite directly, offering a variety of new and used goods from online sellers, and even offers online auctions -- just like eBay.  This could be yet another step toward making eBay less relevant.
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Light Sabre
6/5/2014 | 3:28:00 AM
Re: More flexible cloud computing
@Kruz: Excellent point.  Expect Amazon to get way more law enforcement "requests" for information on users to determine if they are also Bitcoin/digital currency users.
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Light Sabre
6/5/2014 | 3:24:23 AM
Re: Non-obviousness???
@DHagar: Interesting thoughts.  It is, in this sense, good marketing and publicity.  What better way to announce to the world 1) you support Bitcoin and 2) you're ahead of your competitors on payment methods than by patenting it and letting the reporters go to town on it?

The question is: Will the die-hard Bitcoin/digital currency community hate Amazon because it's dared to patent this?  Or will they appreciate Amazon loudly giving their currency more legitimacy?
mhhf1ve
50%
50%
mhhf1ve,
User Rank: Light Sabre
6/4/2014 | 6:48:28 PM
I wonder if this might cover mturk payments someday...
Amazon's mechanical turk might also benefit from a digital cash payment system... 
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
6/2/2014 | 12:31:01 PM
Re: Non-obviousness???
@Joe, good thoughts - I am wondering the same thing.

To your point on defensive patent, I am wondering if that isn't to open the door on new overall purchasing for Amazon products/services with digital cash and they see this as a door opener?
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
6/2/2014 | 12:23:45 PM
Re: More Flexible Cloud Computing
@Susan, you do what banking does.  You create a system of transparencies and limits on known illegal transactions.  Then you at least have a reasonable safety net to limit incentives for illegal behavior and/or exposure.
Page 1 / 3   >   >>
Educational Resources
sponsor supplied content
Educational Resources Archive
From The Founder
Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
MWC 2017's Key 2-Letter Terms

2|20|17   |   08:29   |   (1) comment


5G, AI, VR... these are just some of the two-letter terms that will dominate show-floor chat at MWC 2017 in Barcelona, according to these two blow-hards (a.k.a. Scott Bicheno of Telecoms.com and Light Reading's Ray Le Maistre). And then there's PB...
LRTV Interviews
Key Trends for Mobile Operators in Developing Markets

2|20|17   |   06:37   |   (0) comments


Ovum's Matthew Reed talks to Scott Bicheno from Telecoms.com about the challenges and opportunities facing mobile operators in the developing markets of Africa and the Middle East.
LRTV Documentaries
YouTube Takes on Facebook Live-Streaming

2|17|17   |     |   (0) comments


Popular 'YouTubers' will be the first to get the new service on their smartphones. You have been warned.
LRTV Custom TV
Open Source NFV/SDN Automation

2|17|17   |   05:54   |   (0) comments


AT&T ECOMP (Enhanced Control, Orchestration, Management and Policy) code is transitioning into the Linux Foundation for placement into open source. In this video, Carol Wilson provides an update on the maturation of open source ECOMP and meets with industry leaders from AT&T, Bell Canada, Orange, Linux Foundation and Amdocs to discuss what this means for the ...
LRTV Documentaries
Uber & NASA Collaborate on Flying Car Project

2|16|17   |     |   (0) comments


Is Uber for real? Well, it's hired NASA engineer Mark Moore to lead the project, and he wouldn't come cheap.
LRTV Documentaries
Zuckerberg Tries Out the Oculus Rift VR Glove

2|15|17   |     |   (0) comments


Facebook CEO shows off a new way to interact with the Oculus Rift virtual reality headset: an Oculus glove.
LRTV Custom TV
Huawei Digital Transformation Forum 2017

2|10|17   |     |   (0) comments


Here's a preview of the upcoming Huawei Digital Transformation Forum taking place in Barcelona with trending telecom topics like cloud, IoT, 5G and much more!
Telecom Innovators Video Showcase
Dan Sahar of Qwilt on Open Edge Cloud Platform

2|8|17   |   08:38   |   (0) comments


Dan Sahar, Qwilt's co-founder, sits down with Steve Saunders of Light Reading for a conversation about Qwilt's Open Edge Cloud platform and the new role of service providers in application and content delivery.
LRTV Documentaries
ZeroStack's 'Self-Driving Cloud'

2|7|17   |   01:09   |   (0) comments


Its Z-Brain tech automates day-to-day management and long-term planning for hybrid clouds.
Telecom Innovators Video Showcase
Nominum's Craig Sprosts on DNS & Cybersecurity Trends

2|7|17   |     |   (0) comments


Nominum's Craig Sprosts talks about the fast-changing landscape of cybersecurity with Steve Saunders of Light Reading. Sprosts touches on the trend of the rise of ransomwares, rivals of IoT base attacks, and mobile network security. He also discusses the realization of the importance of IoT security after a recent cyber attack that paralyzed several major ...
LRTV Documentaries
China Moves Towards Mixed Ownership of Telcos

2|1|17   |   01:10   |   (0) comments


Chinese authorities are promoting new ownership models in order to raise capital.
Shades of Ray
What to Expect at MWC 2017

1|31|17   |     |   (0) comments


5G is set to dominate as the key buzz term at this year's Mobile World Congress but there are other pressing 4G matters to address.
Upcoming Live Events
March 21-22, 2017, The Curtis Hotel, Denver, CO
March 22, 2017, The Curtis Hotel, Denver, CO
March 22, 2017, The Curtis Hotel, Denver, CO
May 15-17, 2017, Austin Convention Center, Austin, TX
May 15, 2017, Austin Convention Center - Austin, TX
June 6, 2017, The Joule Hotel, Dallas, TX
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
T-Mobile CEO: M&A Coming but Not Quite Yet
Dan Jones, Mobile Editor, 2/14/2017
Is the Time Right for a Cisco/Ericsson Wedding?
Ray Le Maistre, Editor-in-chief, 2/17/2017
Nice to See at Least One CSP Taking My Advice
Mitch Wagner, Editor, Enterprise Cloud, 2/17/2017
Charter Launches 5G Field Trials
Mari Silbey, Senior Editor, Cable/Video, 2/16/2017
Cloudifying the Communications Network
Prayson Pate, CTO, Ensemble, ADVA Optical Networking, 2/16/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Animals with Phones
No One Likes This Click Here
Take a hint!
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.