The Chinese telecommunications giant Huawei revealed what it has been working on for months. The new Hyperledger-fueled Blockchain offering has been revealed at a conference in Shenzhen this Tuesday (April 17th).
Basically, the novelty from Huawei is a Blockchain-as-a-Service (BaaS) tool which comes a month after the release of the joint project Caliper designed by Huawei and Hyperledger. The new tool will be known as the “low-key blockchain service”.
Currently, Hyperledger is an open source blockchain operation created by the Linux Foundation in 2015. Ever since its reception, it has grown to incorporate over 100 major business sponsors and has seen many integrations and partnerships.
Essentially, the blockchain tool is focused on the smart contract development. For that, it is known as the
“High-performance, high-availability and high-security blockchain technology platform service for entreprises and developers designed to help companies and developers create, deploy and deploy quickly and cost-effectively on Huawei Cloud.”
This is what the official description reads about the new tool. According to rumors, Huawei has been under pressure to innovate and keep ahead of the competition coming from China’s massive electronics conglomerates (Tencent and JD.com) in the blockchain space.
However, with the work on Caliper since its inception in May 2017, Huawei already knows how to build successful projects like this and is a major sponsor of Hyperledger. In October 2017, Huawei joined as a sponsor behind it along with the Chinese internet giant Baidu, who recently launched its own blockchain-based image rights platform this month.
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