S3Guard provides a consistent metadata store for S3 using DynamoDB. It allows file system operations on S3, like listing and getting file status, to be consistent by checking results from S3 against metadata stored in DynamoDB. Mutating operations write to both S3 and DynamoDB, while read operations first check S3 results against DynamoDB to handle eventual consistency in S3. The goal is to improve performance of real workloads by providing consistent metadata operations on S3 objects written with S3Guard enabled.