Light Reading
Pay-as-you-go with Bitcoin or another digital currency.

Amazon Patents Digital Cash for ŕ 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
<<   <   Page 2 / 3   >   >>
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
6/2/2014 | 12:19:44 PM
RE: Amazon Bit Coins for a lka Carte Cloud Computing
@Susan, that's what I am thinking Susan.  Where you are opening the door to new risks now with secrecy, there may need to be more regulations added for transacting with this currency.  That may limit the risk.

 
Joe Stanganelli
100%
0%
Joe Stanganelli,
User Rank: Light Sabre
6/1/2014 | 4:51:00 AM
Non-obviousness???
I am by no means one of those screaming anti-IP people who thinks patent law should be abolished, but I've got to wonder how the heck this is patentable -- unless there's something really unique about the process (and, to be honest, I'm way too lazy to carefully read and examine the actual patent right now).

But at the same time, I see why Amazon did it.  I have a hard time thinking that this is anything other than a "defensive patent."
Susan Fourtané
50%
50%
Susan Fourtané,
User Rank: Blogger
5/30/2014 | 10:36:31 PM
Re: More Flexible Cloud Computing
Thanks, DHagar. :) 

"As long as individual privacy is protected, that is great, but when secrecy becomes a shell people can hide behind, I think it can create an environment where people can use it for illegal purposes."

And you are right. However, if you have to choose between offering a service that offers benefits for some, or not offering it because there is a percentage of the population who might use your service for illegal purposes, what do you do? 

-Susan
Susan Fourtané
50%
50%
Susan Fourtané,
User Rank: Blogger
5/30/2014 | 10:23:47 PM
Re: Amazon Bit Coins for a la Carte Cloud Computing
DHagar, 

" ... if they are creating a "shell", that part may be risky in attracting those who want no linkages or transparency."

Unfortunately, there is always a risk in everything. Bad boys will always exist, what you need to do is to create something to keep them in line. 

-Susan
pcharles09
50%
50%
pcharles09,
User Rank: Light Beer
5/30/2014 | 8:12:05 PM
Re: Amazon Bit Cons for a la Carte Cloud Computing
You're very right. Not many people are proactive & want to know how their IT investments are being utilized. Often, it's only a reactive approach when things don't work or break down due to overtaxing systems.
Kruz
50%
50%
Kruz,
User Rank: Light Sabre
5/30/2014 | 7:26:20 PM
Re: More flexible cloud computing
This is great news for bitcoin, as it is gaining momentum recently. This would be the first big player bitcoin has, and it could push others to join.

While this solution might be practical, I beleive it would make anymous or others subject to montioring. Amazon might determine who are its bitcoin Users, and flag these for montiroing and share this info with external 3rd parties. Anymous will not go for it as this will create an identity they want to hide.
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
5/30/2014 | 6:43:39 PM
Re: Amazon Bit Coins for a la Carte Cloud Computing
@nasimson, that's what I am thinking as well.  It certainly seems as if it will open the doors to something new, doesn't it?
nasimson
50%
50%
nasimson,
User Rank: Light Sabre
5/30/2014 | 6:36:33 PM
Re: Amazon Bit Coins for a la Carte Cloud Computing
@DHagar: If they are protecting anonymity, how can they be allowed by regulators? Are there any regulators for the public clouds? If there are not, Amazons move will highlight the need for it, since cyber attacks can be launched from such a platform.
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
5/30/2014 | 12:36:18 PM
Re: More Flexible Cloud Computing
@Susan, I like your innovative focus - and fully agree.

Regarding privacy, I fully support privacy - the line I draw is when the focus is "secrecy".  As long as individual privacy is protected, that is great, but when secrecy becomes a shell people can hide behind, I think it can create an environment where people can use it for illegal purposes.
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
5/30/2014 | 12:24:51 PM
Re: Amazon Bit Coins for a la Carte Cloud Computing
@nasimson, I share your positive outlook on their innovative business model, and as I stated, they truly lead the way in innovations.  Their "development" of an ad hoc access capability is a great contribution and I share your view.

Where I think it is less positive is the annonymous payment aspect.  Digital payment at large is a great convenience that fits the ad hoc model, but if they are creating a "shell", that part may be risky in attracting those who want no linkages or transparency.

 
<<   <   Page 2 / 3   >   >>
Educational Resources
sponsor supplied content
Educational Resources Archive
Flash Poll
From The Founder
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Interviews
From 4G to 5G: Alcatel-Lucent's Dave Geary

11|25|14   |   09:09   |   (1) comment


Dave Geary, President of Wireless at Alcatel-Lucent, talks about the evolution of the 4G market, small cells, partnerships, 5G and the IoT.
LRTV Huawei Video Resource Center
Building a Secure Telefonica Network With Huawei's High-End Firewall

11|24|14   |   4:37   |   (0) comments


Andrew Davies, IP architect of the Telefonica, a leading digital communications company, discusses the Huawei security gateway solution and putting the solution into the testbed.
LRTV Huawei Video Resource Center
Huawei Partners with Spirent to Verify CE12816's 10GE Port & TRILL Networking Capabilities

11|24|14   |   2:50   |   (0) comments


Spirent Communications is the world's leading supplier for telecom testing appliances and solutions. Spirent has been in a close partnership with Huawei for a long time.
LRTV Huawei Video Resource Center
Saudi Airlines & Its ICT Transformation

11|24|14   |   2:07   |   (0) comments


In this video, Saudi Airlines discusses its network problems and how Huawei's Agile Network is its all-in-one solution.
LRTV Huawei Video Resource Center
Huawei's Agile Switch Benefiting Saudi Arabia's Yamamah Hospital

11|24|14   |   2:40   |   (0) comments


Saudi Arabia's Yamamah Hospital speaks about how Huawei's Agile Switch has improved the medical service's network infrastructure.
LRTV Huawei Video Resource Center
FanPlay & Huawei Build a Wireless Agile Smart Stadium

11|24|14   |   2:13   |   (0) comments


FanPlay is a cloud-based white label service, which is effectively a football fan engagement platform underpinned by mobile payment technology.
LRTV Huawei Video Resource Center
Building an Agile Stadium

11|24|14   |   3:54   |   (0) comments


Stadiums may be thousands of tons of concrete and steel, but they now need to be agile. Being at the stadium may not be as alluring as it once was. Sports franchises and stadium operators discuss how to get fans back.
LRTV Huawei Video Resource Center
Huawei Helps ChinaCache Tackle Challenges in the Internet Industry

11|24|14   |   3:09   |   (0) comments


ChinaCache is China's largest content distribution network supplier. Huawei's CE12800 has provided ChinaCache with very strong support in its establishment of an infrastructure network.
LRTV Huawei Video Resource Center
Cefinity on Managed Security Services & Next-Generation Firewall

11|24|14   |   7:05   |   (0) comments


Cefinity is a cloud management service provider in Southeast Asia. Ivan Zhang, CEO of the company, discusses the implementation of security service management in the cloud era.
LRTV Huawei Video Resource Center
Huawei's Agile Gateway in the Eyes of Cefinity

11|24|14   |   2:11   |   (0) comments


Cefinity is a managed service provider for enterprise networks. The company currently uses Huawei's AR series routers for the most complete range of functions. CEO Ivan Zhang speaks about the advantages of the AR series routers.
LRTV Huawei Video Resource Center
CTO of Bus-Online Talks About Huawei's Agile Gateway

11|24|14   |   2:53   |   (0) comments


Bus-Online covers around 100 million users everyday. In addition to providing mobile TV, and advertising services to the public, Bus-Online has also entered the field of mobile Internet.
LRTV Huawei Video Resource Center
Amsterdam ArenA as an Agile Campus

11|24|14   |   3:31   |   (0) comments


The Amsterdam ArenA, home of the Ajax soccer team, can be a crowded space. ArenA has partnered with Huawei to work on bringing ample bandwidth to 53,000 people at the same time.
Upcoming Live Events
December 2, 2014, New York City
December 3, 2014, New York City
December 8-10, 2014, Reykjavik, Iceland
February 10, 2015, Atlanta, GA
April 14, 2015, New York City, NY
May 6, 2015, McCormick Convention Center, Chicago, IL
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
Infographics
Irish Telecom outlines the rise of VoIP technology, including its adoption within businesses and their perception of its quality.
Hot Topics
$38.3M: Ain't That a Kik in the SMS
Sarah Reedy, Senior Editor, 11/20/2014
Do You Have a 2020 Vision?
Dennis Mendyk, Vice President of Research, Heavy Reading, 11/21/2014
Operators Should Block Ads to Get Their Cut, Startup Says
Sarah Reedy, Senior Editor, 11/24/2014
$35B+ Spectrum Auction Dings Verizon, Shines Dish
Dan Jones, Mobile Editor, 11/24/2014
Net Neutrality Even Mark Cuban Could Love
Mitch Wagner, West Coast Bureau Chief, Light Reading, 11/26/2014
Like Us on Facebook
Twitter Feed