Unless you had been living under a rock for the better part of last year, you know the topic of cryptocurrencies has dominated the financial news in 2017 and early 2018. And yet, it may not be the currencies themselves, but rather the technology upon which they are based — called blockchain — that makes the biggest impact over the long term.

Last year’s blockchain-for-business headlines largely centered around leader IBM (NYSE:IBM), and its engagements with several large conglomerates for supply chain, food safety, and personal privacy solutions. However, many of the blockchain standards have been set at the open-source Hyperledger Project.

This means that the technology backbone for these blockchain solutions is free for other companies to implement, and Amazon (NASDAQ:AMZN), the leading player in public cloud infrastructure, just announced a big partnership in this emerging technology. Amazon is partnering its way into blockchain technology.

Image source: Getty Images. Amazon’s new partnership is with technology consulting firm Luxoft Holding (NYSE:LXFT).

Luxoft will join five others as one of six technology consulting firms to offer blockchain solutions certified to run on Amazon Web Services (AWS). Vasiliy Suvorov, vice president of technology strategy at Luxoft, said: “Blockchain is about removing data silos, improving trust and operational efficiencies. Read more from fool.com…

thumbnail courtesy of fool.com