Huawei announces Hyperledger-based BaaS

Huawei launches BaaS

Telecommunications and smartphone giant Huawei has added itself to the list of Chinese tech companies to launch a blockchain-as-a-service (BaaS) platform.

The company made the announcement at its analyst conference in Shenzhen on Tuesday. The new platform, given the flashy name of Blockchain Service, is designed to allow companies to develop smart contracts on top of a distributed ledger network for a variety of business use-cases.

Huawei has been a member and contributor to the Hyperledger Blockchain Consortium since October 201, so it is perhaps no surprise that the company has turned to Hyperledger Fabric 1.0 as the base for their new platform.

The technical team behind the platform have released a whitepaper detailing what they are trying to achieve. If you can read Chinese, you can take a look at it here.

In the whitepaper, Huawei engineer Hu Ruieng states that the BaaS will allow users to create smart contracts based around supply chain, tokenized security assets and other public services such as financial auditing and ID verification.

The announcement marks the latest move by Huawei into the blockchain space. The company has been working on Project Caliper, which is software that tests the performance of major blockchains.

Interested in hearing leading global brands discuss subjects like this in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.


1 Comment

1 Comment

  1. Pingback: China’s Telecom Giant Huawei Launches Blockchain-As-A-Service Platform – MAGS-COMPUTER TECHNO

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top

We are using cookies on our website

We use cookies to personalise content and ads, to provide social media features, and to analyse our traffic. Please confirm if you accept our tracking cookies. You are free to decline the tracking so you can continue to visit our website without any data sent to third-party services. All personal data can be deleted by visiting the Contact Us > Privacy Tools area of the website.