Chinese Telecommunications Giant Huawei Launches Blockchain SAAS Platform

Chinese Telecommunications Giant Huawei Launches Blockchain SAAS Platform

The Chinese telecommunications company Huawei revealed its latest Hyperledger Blockchain today.

The blockchain SAAS (Software as a Service) tool is a high-performance, high security blockchain technology platform for enterprises and developers. This service will help companies and developers create and deploy cost-effective blockchain services on the Huawei Cloud.

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The service will be based on the Hyperledger open source blockchain operation that was created by the Linux Foundation in 2015. Since the inception of Hyperledger, it’s grown to include over 100 major business sponsors and multiple partnerships as well as integrations.

Huawei have been staying ahead of its competition, within the blockchain space, like Chinese conglomerates Tencent and JD.com, which have both released blockchain technologies over the last month.

Baidu, the Chinese search engine, also joined Hypderledger in October 2017, with its own blockchain based image rights platform earlier this month.

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