Home Business News Huawei Reveals Its Blockchain Service Platform Based On Hyperledger Fabric 1.0

Huawei Reveals Its Blockchain Service Platform Based On Hyperledger Fabric 1.0

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Huawei is the latest tech giant in China to launch a BaaS platform. The telecommunications and smartphone provider announced the new platform at its analyst conference in Shenzhen.

The platform is known as Blockchain Service, and it will enable companies to develop smart contacts on top of a distributed ledger network.

“Huawei works with enterprise customers to promote the deployment of blockchain solutions and applications.”

Huawei’s BaaS solution is based on Hyperledger Fabric 1.0

Huawei has been a member and contributor to the Linux Foundation’s Hyperledger Blockchain Consortium for almost two years now.

A Huawei engineer, Hu Ruifeng co-authored the white paper of this project ahead of its launch, and there he explains the complete details about it.

Hyperledger Fabric 1.0 version got released back in July 2017, and it managed to mark a key milestone for the open-source software because it progressed towards production-ready status targeted at enterprise application development.

The BaaS platform allows clients to build smart contract apps that mainly focus on supply chain, public services such as financial auditing and ID verification and tokenized security assets.

“The blockchain service (BCS) on Huawei Cloud is designed for enterprises, supported by open-source blockchain technologies and our rich experience in distributed parallel computing, PaaS, data management, and encryption. The BCS is a general basic technology that is open, user-friendly, flexible, and efficient,’ says the white paper.

“Centering on the blockchain cloud platform, the BCS can support enterprises quickly and flexibly develop blockchain solutions and applications on Huawei Cloud. Huawei works with enterprise customers to promote the deployment of blockchain solutions and applications and to build reliable, public infrastructure and an ecosystem based on blockchain and shared success,” according to the white paper.

This launch marks Huawei’s boost into blockchain technology

The launching of this service places highlights on the latest tech development from Huawei in its strong push into the blockchain technology.

This also follows recent efforts by Hu and Zhou Haojun, Huawei engineer to develop Project Caliper. This software is targeted at testing the performance of the most significant blockchains out there.

Huawei’s accomplishment comes at a time during which major tech and Internet giants from China are also moving into this space. We are referring to Tencent and Baidu which both launched their own blockchain service platforms.