Home Business Launching of hyperledger-powered blockchain service platform, by Huawei

Launching of hyperledger-powered blockchain service platform, by Huawei

A giant Chinese telecommunications issuer Huawei has debuted its latest hyperledger-powered blockchain-as-a-service (Baas), solution. This has been announced at a conference by a Huawei’s analyst in Shenzhen, this Tuesday. Through this concept, the company enables to enhance smart contracts leading the distributor’s ledger maintained by network nodes that will be applicable in several case scenarios.

However, the member and contributor of the Linux Foundation’s Hyperledger Blockchain Consortium from October 2016, the new BaaS platform have been based by the Huawei on Hyperledger Fabric 1.0, as per the Huawei engineer HuRuifeng, who has also been the co-author of the project’s white paper towards the launch.

Hyperledger stands as an open source blockchain operation, that incorporates top business partners and sponsors through multiple partnership and integrations. This Blockchain service is considered to be high performing, high availability and high-security technology platform service for developers and entrepreneurs.

Furthermore, Hyperledger Fabric 1.0 version that was released last year in the month of July, has been a key breakthrough marking a significant point in the process of open-source technology, as reported by CoinDesk. Hyperledger Fabric 1.0 version has been a major step in the direction of production of blockchain implementation, highly demanded by the customers and various enterprises.

Well, BaaS platform presently permits its customer to form smart contract app focusing towards the predefined security assets, supply chain and public services that include financial auditing and ID verification.

Meanwhile, the introduction of this Blockchain Service results in the recent technological advancement from Huawei moving on into blockchain tech, that tracks latest efforts by Zhou Haojun, a Huawei engineer, and Ruifeng- to improvise the project caliper, a well-designed software for testing the working of key blockchains.

Before the launch of Huawei’s BaaS platform, Tencent and Baidu together have recently launched their individual blockchain service platform. JD.com, an online retail giant, has released similar plan on a white paper last month.

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