After the success in China, Huawei Cloud, the cloud services arm of Huawei has declared the launch of Blockchain Services (BCS) globally.
This service gives a great opportunity for all the entrepreneurs and developers to create, deploy and manage various blockchain applications on Huawei Cloud at a significant speed and low price.
BCS is a cloud service which influences the Blockchain and some of its benefits are innate into the Huawei Cloud Container and secure technologies. It is simple to use, effective, and globally applicable, and can be implemented in various industries such as the Internet of Things (IoT), data applications, and finance. BCS will be useful in numerous scenarios such as identity authentication, proof of information, remote healthcare, food source tracing, Internet of Vehicles (IoV), and IoT device management.
Some of the applications of the blockchain technology are still being analyzed and explored by various firms across the globe. However, Huawei is moving a step ahead by deploying its distributed ledger technology on a cloud service.
Essential features included in BCS:
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Open and simple to use: Developed by acceptance with Hyperledger Fabric 1.1 and Kubernetes, providing an easy configuration, quick deployment, and automatic multi-angle E2E O&M.
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Flexible and effective: Multiple efficient consensus algorithms (5,000 + TPS). One of the main benefits are cost-effective deployment and reduce O&M costs with unified management, auto-scaling and upgrade/ rollback as per needs.
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Great security and privacy protection: Overall management and isolation of users, keys, and, permissions, multi-layer encryption and privacy for users.
Other Blockchain and Crypto Enterprises
From 2016, Huawei is the member of the Hyperledger Blockchain Consortium, hosted by Linux Foundation. It is well-known for its contributions in areas named as Fabric and STL. It is also working as a Hyperledger maintainer.
In April 2018, Huawei launched a blockchain-as-a-service (BaaS) platform. Earlier, Huawei has announced the launch of its blockchain-based smartphone and in May, the firm introduced the launch of BTC.com's Bitcoin wallet app in its app store.