Alibaba Cloud Expands Blockchain-As-A-Service Offering To International Markets

News | October 24, 2018 By:

Alibaba Cloud, the cloud computing arm of Chinese Internet giant Alibaba, has expanded its Blockchain-as-a-Service (BaaS) offering to South East Asia, US and Europe.

The BaaS offering provides an enterprise-level platform service based on blockchain technologies. The platform supports Hyperledger Fabric, an open-source project launched by Linux Foundation in 2015, and Ant Blockchain, a proprietary and multi-patented blockchain platform developed by Alibaba Group’s financial affiliate Ant Financial Services Group.

“We are looking to empower many innovations across all industries,” said Yi Li, Senior Staff Engineer and lead of Alibaba Cloud Blockchain Service. “Our customers in China have already experienced our BaaS platform and we are excited to extend this service to other enterprise customers all over the world.”

The BaaS platform supports end-to-end traceability and anti-counterfeiting service along the supply chain flow of products. It integrates Alibaba Cloud Internet of Things (IoT) and anti-counterfeiting technologies to provide blockchain solutions for product traceability. It also supports various applications such automatic deployment, consortium blockchain management, smart contracts, user and certificate management and SDK (Software Development Kit) applications, along with a range of monitoring, operating and maintenance functions.

“We aim to become a technology partner that enables companies that wish to use blockchain to accelerate their digital transformation,” Li said.

Brian Behlendorf, Executive Director of Hyperledger, said that they’re delighted to see the launch of Alibaba Cloud BaaS powered by Hyperledger Fabric, as they’ve already seen many Hyperledger use cases in production this year.

“As stated in MIIT’s recent whitepaper, 2018 is set to be another blockbuster year for the industry with record amount of capital to be injected into companies in the space, and hyperledger is committed to the development of blockchain technologies in China,” Behlendorf said. “Together with Alibaba Cloud, we look forward to bringing more exciting innovations to the global blockchain communities.”