Huawei Cloud announced that they finally launched their Blockchain Service (BCS). The cloud services arm of Huawei Global, Huawei Cloud launched the BCS in China earlier this year. With the new launch however, the BCS Blockchain Services are available to the entire world through Huawei Cloud’s official website.
This new service will allow entrepreneurs from all over the world to develop, use and manage many Blockchain apps on Huawei Cloud. Additionally, all actions will be incredibly faster and way cheaper for all users. BCS launching globally is only the first step in Huawei Global’s large Blockchain initiative. A new global Blockchain platform is in its finishing stages and will soon also be released worldwide.
Huawei Cloud wants to release a global Blockchain platform
It’s the company’s belief that BCS can be applied in most industries especially finance, big data and data applications. The BCS is essentially a cloud service which leverages on the blockchain and on a few of the advantages inherent to the Huawei Cloud container and security tech. If everything is working as intended, BCS should be able to cover many scenarios like ID verification, remote healthcare, Internet-of-Things device management, Proof of Information and the Internet of Vehicles (IoV).
At the present, a lot of Blockchain’s potential applications are investigated and already used by many enterprises across industries. Huawei is making a bold step by deploying Distributed Ledger Technology on a cloud device. This is mainly because deployment is a process which consumes a lot of time and resources. That’s why it’s paramount that developers have a firm understanding of the technology and its possible applications under Blockchain tech.
Huawei takes pride in its Blockchain services, with the biggest strengths being flexability and efficiency. Switching, joining, quitting multi-role nodes and members is incredibly easy. Users can also use multiple efficient consensus algorithms (5000 + TPS). The company also believes another advantage is the relatively low cost of the delployment combined with the rediced O&M costs with unified management and its security and privacy protections.
Huawei is positive in its ability to manage, but also isolate users, persimission and their private keys while still providing multi-layer encryption for the users. The Linux foundation was launched back in 2016 by the partnership founded by Hyperledger and Huawei. Due to its many technical and code contributions to Fabric and STL, the company was recognized as a one of the biggest maintainers of Hyperledger.
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