Huawei Cloud Launches Blockchain Service Globally

Huawei Cloud launches its Blockchain Cloud Service internationally. This cloud service allows developers and businesses to create and deploy their own blockchain applications in the cloud.

The Blockchain Service was launched in China by Huawei Cloud in early 2018. It allows developers and entrepreneurs to create, deploy and manage Blockchain applications on the Chinese giant’s cloud quickly and inexpensively.

According to Huawei, BCS can be used in most industries, including the Internet of Things, Big Data and finance. It can, for example, allow identity verification, food tracing, remote health care, data transactions, or even management of IoT devices.

There are already many Blockchain applications, but Huawei is doing well by positioning itself in the BaaS market (Blockchain as a Service Cloud). This saves users time since they no longer have to take care of the deployment, which can be time-consuming and complex.

Huawei Cloud Blockchain Service: A Flexible & Inexpensive BaaS Service

In addition, according to Huawei, the Blockchain Service is flexible, efficient, and brings together many consensus algorithms. Deployment is also very inexpensive, and unified management reduces maintenance costs. Security and confidentiality are also in the spotlight within particular functionalities allowing to manage users and permissions on an individual scale.

As of December 3, 2018, the Blockchain Cloud Service is available worldwide on the Huawei Cloud international site. Subsequently, the Chinese giant plans to launch a globally distributed Blockchain platform.

It remains to be seen whether the BCS will succeed in attracting companies outside of China despite suspicions of spying on Huawei. Recall that the firm is banned from the United States and that Germany and France plan to take the same measures.

Also Read: BaaS: What Is Blockchain As A Service