Blockchain-As-A-Service Platform Developed By Huaweibr>
Huawei, the world’s third-biggest mobile phone maker, has developed a blockchain-as-a-service (BaaS) platform to enable companies to develop smart contracts on top of a blockchain network for several use-case scenarios. The announcement was made at Huawei’s analyst conference in Shenzhen on Tuesday.
Dubbed Blockchain Service (BCS), the new BaaS solution is based on Linux Foundation’s Hyperledger Fabric, a blockchain framework that allows components, such as consensus and membership services, to be plug-and-play. The BaaS solution allows clients to build smart contract applications that focus on supply chain, tokenized securities assets, and public services such as ID verification and financial auditing.
“Centering on the blockchain cloud platform, the BCS can support enterprises quickly and flexibly develop blockchain solutions and applications on Huawei Cloud,” said Huawei engineer Hu Ruifeng. “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 Huawei, BCS enables enterprises to deploy blockchain technology within five minutes. It concentrates on nine application scenarios, including data assets, Internet of Things (IoT), operation, identity verification, data certification, data transactions, new energy, philanthropic donations, and inclusive finance.
While Huawei is bullish on blockchain technology, the mobile phone maker isn’t too keen on cryptocurrencies. Zheng Yelai, president of Huawei’s cloud business unit, said that “cryptocurrency is just a use case of blockchain. Huawei will not jump on the cryptocurrency bandwagon, but only focus on becoming the enabler of the blockchain industry.”
Last month, it was reported that Huawei executives met with a team from blockchain smartphone creator Sirin Labs to discuss licensing the SIRIN OS to run blockchain applications alongside Google’s Android system.