Huawei Cloud Ships Blockchain Service Officially

Dec 02, 2018 at 13:09 // News
Author

Coin Idol

In March this year, Huawei, China's biggest tech company was planning to manufacture a brand-new smartphone able to operate with applications related to Blockchain, as Coinidol reported.

Huawei, the telecom & smartphone maker giant, has officially rolled out a Blockchain Service for world use via its cloud services.

In March this year, Huawei, China’s biggest tech company was planning to manufacture a brand-new smartphone able to operate with applications related to Blockchain, as Coinidol reported.

On Wednesday, November 28, Huawei Cloud, a section under the Huawei firm, officially rolled out its Blockchain Service (BCS) for world use after its rollout for commercial use in Asia, specifically China, on Wednesday, October 10, 2018.

Huawei Cloud revealed that the service was developed to assist:

“World enterprises and developers create, deploy and manage blockchain applications quickly and at minimal cost on Huawei Cloud.”

Adding that the launch would set a strong foundation for a wide distributed world blockchain technology platform.

Huawei Creating a DLT Community

Furthermore, blockchain technology is decentralized and enables building confidence between transaction partners. The Blockchain technology can produce value when applied in enterprise applications in particular industry cases.

Meanwhilst, Huawei had hard-wired Hyperledger in the year of 2016. Hyperledger is among the most swayful open source project in the distributed ledger technology (DLT) industry, hosted by Linux Foundation. Huawei company was recognized as a primary Hyperledger maintainer with incessant technical and code contributions in two significant sub-projects: STL and Fabric.

Hyperledger is a blockchain-as-a-service (BaaS) platform which enables users to make smart contract applications that largely aim at the supply chain, crypto securities and public services such as ID verification, and small or large-scale financial auditing.

Nevertheless, BCS applies the benefits of Huawei Cloud’s container & security tech, and many more. In addition, the DLT service has the following advantages:

  • To uncover data transactions
  • Food source tracing
  • Proof of information (like real estate & education)
  • Identity authentication
  • IoT device management
  • Remote healthcare
  • The Internet of Vehicles (IoV)

Some of the BCS Benefits

The DLT platform will provide technical support for businesses which create DLT applications and solutions. However, some of the benefits of BCS include:

  • A simple configuration
  • Cost-effectiveness
  • Privacy protection
  • Deployment in minutes
  • Robust security
  • Flexibility and efficiency

In the middle of this year, Huawei declared that customers of its smartphones could download various Bitcoin wallets on their gadgets. Now, the crypto wallets are set for pre-installation on every new Huawei mobile smartphones.

Related:

Huawei Makes Bitcoin Wallet App Available for Its Latest Smartphones Users

As it has been reported, today, on May 11, the world’s third-biggest handset maker Huawei starts offering Chinese users an access to a Bitcoin wallet via their native AppGallery. It means that smartphones users will have a chance to download Bitcoin wallets on their devices.

It will be possible thanks to the established partnership between Huawei and BTC.com that is the owner of the world’s largest Bitcoin mining pool and subsidiary of Bitmain. BTC dot com tracks cryptocurrency mining and block information and offers its digital wallet services.

This Bitcoin wallet created in collaboration with BTC dot com will be the first cryptocurrency mobile app that is offered by Huawei. All latest Huawei and Honor phones will have pre-installed AppGallery, that was launched in March, but it will be also available for older devices just in a few months.

Despite the fact that ICOs and crypto exchanges are banned in China, public interest to this sphere is still growing and the local people still own cryptocurrencies.

Launch of a new app is expected to have the greatest impact precisely in the Chinese market, where Huawei mobile phones can boast extreme popularity. Moreover, we should also take into consideration the fact that the Chinese government took a decision to block Google Play Store for Android and some parts of Apple’s App Store as a result access to some apps like BTC dot com’s is limited.

Thanks to collaboration with Chinese telecommunications guru Huawei, BTC dot com receives a chance to enter the massive and exclusive Chinese markets and to offer its crypto wallet to users.

Alejandro de la Torre, BTC dot com’s vice president of business operations, believes that the new initiative is “a good opportunity to tap into the Chinese market”. “The use of cashless payments with apps is very big and the traditional banking system is lacking, so there’s a good use case for crypto payments to grow there,” added he.

At the same time vice president of Huawei’s mobile services Jaime Gonzalo also has a lot of expectations. He said in his statement: “From our leadership position in China, the tip of the spear of mobile payments, we expect to see massive growth in global cryptocurrency adoption habits in the near future”.

“Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale. We expect to see massive growth in global cryptocurrency adoption habits in the near future”, commented he.

It is not the first move of Huawei toward Blockchain integration. As we have earlier informed, in April, Huawei launched its own blockchain service platform named as blockchain-as-a-service (BaaS).

The platform is based on Hyperledger Fabric 1.0 technology developed by the Linux Foundation’s Hyperledger blockchain consortium which Huawei joined in 2016. The BaaS platform gives companies an opportunity to develop smart contacts on top of a distributed ledger network.

Related:

Huawei to Offer First Crypto Wallet App on Latest Smartphones

Chinese telecommunications firm and smartphone maker Huawei is partnering with BTC.com to roll out a mobile cryptocurrency app for the tech giant’s newly launched app store.

BTC.com, which is owned by mining giant Bitmain, tracks cryptocurrency mining and block information, while also providing a digital wallet service. The site’s vice president for business operations, Alejandro de la Torre, said its new wallet application will appear in Huawei’s proprietary app store, AppGallery, which was launched in March.

Currently, AppGallery is only available for customers via a pre-install on the latest Huawei devices, but will be rolled out for older versions in the second quarter of this year. That said, the effort to boost cryptocurrency wallet support is still a notable move by Huawei, and is likely to open up cryptocurrency services to a potentially huge user base.

“Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale … We expect to see massive growth in global cryptocurrency adoption habits in the near future,” said Dr. Jaime Gonzalo, vice president of Huawei Mobile Services.

Huawei’s move also comes at a time when the tech giant is moving to beef up its wider effort for blockchain development.

As previously reported by CoinDesk, Huawei launched its blockchain-as-a-service platform just last month – one built on Hyperledger Fabric 1.0 technology developed by the Linux Foundation’s Hyperledger blockchain consortium, of which Huawei has been a member since 2016.

Huawei image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Related:

Amazon Web Services launches &blockchain templates; # 039 & # 039

Amazon has quickly followed Chinese tech giant Huawei, and others, in offering blockchain-powered services as part of its cloud computing platform. “With AWS Blockchain Templates, you can deploy Ethereum and Hyperledger Fabric frameworks using managed and certified AWS CloudFormation templates”.

One of the world’s leading retail outlet Amazon has recently launched its Blockchain framework for Ethereum (ETH) and Hyperledger Fabric under the Amazon Web Services (AWS) cloud platform.

The AWS templates for blockchain technology utilize frameworks as containers on the Amazon Elastic Container Service (ECS). “You can assign granular permissions using AWS IAM to restrict which resources an Amazon ECS cluster or Amazon EC2 instance can access”.

Anyone signed up for AWS can access the solution without any additional charge.

In recent times, Ethereum has emerged as one of the most popular open-source, distributed computing platforms.

“We don’t yet see a lot of practical use cases for using blockchain that are much broader than using a distributed ledger”, he said in a press Q&A. The Hyperledger is a global collaboration with the promise of developing cross-industry technologies, it is an initiative backed by the Linux Foundation.

The blog post also provides thorough instructions and guides for creating and establishing an Ethereum template with mining support as well as an EthStats page which displays metrics about network status among other things as well as an EthExplorer tool that displays transactions and smart contracts issued in the ledger. Bitcoin could be the application of block chain.

By generating a list of transactions Blockchain removes the need for a third-party intermediary, like a banking.

Amazon’s entry into the blockchain space, alongside IBM, will doubtless persuade many more organisations – of every size – to experiment with the technology.

Related:

(4.19.18) Cryptovest: Huawei Brings Out Blockchain-as-a-Service Offering

Huawei, the company known for being one of China’s most successful smartphone manufacturers, announced this week the release of a blockchain-as-a-service platform.

Dubbed “Blockchain Cloud Service,” the platform came just after Huawei started working with Hyperledger on a blockchain benchmarking tool known as Caliper.

More here.

Related:

Huawei Unveils Blockchain As A Service Platform Powered By Hyperledger Fabric

Chinese telecom giant Huawei (ranked #83 on the Fortune Globe 500 list in 2017) unveiled a “Blockchain-as-a-Service” platform called Blockchain Service that is powered by Linux Foundation‘s Hyperledger Fabric framework at the 15th Huawei Global Analyst Summit held in in Shenzen, China on Tuesday, 17 April 2018.

According to Huawei, its Blockchain Service is “a high-performance, high-availability, and high-security blockchain technology platform” that helps customers create, deploy, and manage blockchain networks quickly and cost-effectively on Huawei’s cloud. It is built on open source technlogies Hyperledger Fabric, Kubernetes, and Docker.

Huawei says that its platform is:

  • easy to use (deployment time reduced to minutes rather than days);
  • flexible and efficient (by providing features such as pluggable consensus algorithms);
  • cost effective (e.g., one click setup saves 80% of cost of system development and depolyment and “pay as you go” reduces initial costs by more than 60%);
  • secure and private.

It envisages this platform being used to build blockchain applications in many industries and scanrios such as supply chain finance, supply chain traceability, securies trading, food safety, crowdfunding, digital asset management, management of public records, and so on.

Huawei’s “Blockchain as a Service” offering sounds very similar to IBM Blockchain, a product that was launched in March 2017 and that was also based on Hyperledger Fabric 1.0; it is worth remembering that IBM has contributed over 44,000 lines of code to the Hyperledger Project. However, the first major company to provide “blockchain as a Service” was Microsoft, which launched in November 1995 its “Ethereum Blockchain as a Service (EBaaS)”; this ran on Microsoft Azure Cloud.

It is interesting to see Huawei joining other Chinese companies, such as Tencent and Baidu, in venturing into the very hot blockchain space.

Related:

JD.Com Inc. (ADR) (NASDAQ:JD) To Emulate Huawei In Launching The Hyperledger Powered …

The stock of JD.Com Inc. (ADR) (NASDAQ:JD) closed at $ 40.18 losing 0.22% in yesterday’s trading session. Huawei, Telecommunications and Smartphone provider is definitely the one of the latest tech giant in china to unveil a blockchain-as-a-service (BaaS) platform.

It was during Huawei’s analyst conference that was held on Tuesday at Shenzhen that an official working with the company stated that the Blockchain Service would be helping in a number of ways. One of them was that it would be moving quite a long way helping the companies towards the development of a series of smart contracts. And that would be an addition to the ledger network for a number of the use-case scenarios.

Since October 2016, Huawei has remained to be a contributor as well as a member of the Linux Foundation’s Hyperledger Blockchain Consortium. The company is said to have adopted the new BaaS solution on Hyperledger Fabric 1.0 and the information was unveiled a Huawei engineer called Hu Ruifeng. He is the same official that is believed to have co-authored project’s white paper way ahead of the official launch.

It was in July last year that reports came up pointing to the fact that the Hyperledger Fabric 1.0 version had being unveiled and it was a great representation of a major milestone in line with the open-source software as much progress continues to be achieved towards the production-ready status. That was in particular regard to the enterprise application development.

The white paper provides that the BaaS platform at the moment makes it portable for the various clients to proceed and develop smart contract applications focusing a huge deal on the tokenized securities assets, supply chain as well as on the various public services such as financial auditing and ID verification.

This particular launch is a real show casing of the most recent technological developments emanating from Huawei as it continues making a major head way into blockchain technology. It was a short while back that Zhou Haojun, who happens to be a Huawei engineer, proceeded to come up with Project Caliper which was targeted at testing the overall performance of the major blockchains.

It is a move that has been praised by a large number of market observers. JD.com has revealed that it might be taking the same path anytime soon.

Related:

Chinese telecom titan Huawei launches Blockchain Service platform

Chinese telecom giant Huawei this week launched its blockchain-as-a service (BaaS) platform, CoinDesk reported.

Called ‘Blockchain Service’ or BCS, the new platform would help companies build smart contracts on top a distributed ledger network for a number of use cases.

“Blockchain Service is a high-performance, high-availability, and high-security blockchain technology platform service for enterprises and developers. It can help companies and developers create, deploy and deploy quickly and inexpensively on Huawei Cloud,” the website states.

Based on Hyperledger Fabric 1.0, the platform currently allows clients to build smart contract applications for areas including supply chain, tokenized securities assets, ID verification, and financial auditing. Huawei has been a member of, as well as a contributor to, the Hyperledger blockchain project since October 2016.

Huawei has also release the project’s whitepaper this month. Designed for enterprises, the BCS can be “integrated with existing Huawei Cloud products and solutions to support enterprises move towards the era of cloud in a secure, efficient, and tamper-proof approach, and quickly deploy new solutions and applications.”

EconoTimes 中文版 经客时代已上线

深入了解中国动向

开始阅读 >

Econotimes China Edition

GET INSIGHTS IN CHINESE

READ NOW >

Related:

Huawei develops new Blockhchain Service on Hyperledger Fabric – Blockchain Technology News

A member of, and contributor to, the Linux Foundation’s Hyperledger Blockchain Consortium since October 2016, Huawei has based its new BaaS solution on Hyperledger Fabric 1.0. This is according to Hu Ruifeng, a Huawei engineer who also co-authored the project’s white paper ahead of the launch.

Popular technology company Huawei has recently unveiled its Blockchain-as-a-service (BaaS) platform this was announced at Huawei’s analyst conference held in Shenzhen on Tuesday. The new platform named “Blockchain Service (BCS)” was designed to enable businesses to develop contracts on the blockchain network.

According to information on Huawei’s official website the BCS, “is a high-performance, high-availability, and high-security blockchain technology platform service for enterprises and developers. It can help companies and developers create, deploy quickly and cost-effectively on Huawei Cloud. Manage blockchain applications.”

A member of the Linux Foundation’s HyperLedger Blockchain Consortium, Huawei relied on the successes gained from pain-staking research on the technology to design the new Blockchain-as-a-Service (BaaS). The first version of HyperLedger Fabric 1.0 was released to the public in July 2017.

The HyperLedger is a blockchain framework implemented and hosted by The Linux Foundation. The framework can be used as the basis for developing blockchain applications, due to its modularity the HyperLedger allows components like membership services and information sharing to be “Plug and Play.”

At the unveiling event, Huawei’s Chief Engineer Hu Ruifeng disclosed that the company has published a White Paper ahead of the launch. The HyperLeger Fabric 1.0 which is open-source would be available to the public for use in enterprise application development.

This new technology is the latest in a string of innovative blockchain-related technology built by Huawei. Recall that in early March, Huawei filed a patent application for a blockchain-related invention with China’s State Intellectual Property Office. The tech company proposed a verification system based blockchain to protect intellectual property rights for digital content in a peer-to-peer content distribution network.

Another Chinese-based research institute Banknote Blockchain Technology Research unveiled also previously unveiled its own a Blockchain-as- a-Service (BaaS) platform called the Blockchain Registration Open Platform (BROP) for tracking supply chain and customer’s identity. The new system was officially launched during the Financial Technology Summit held on last month in Beijing.

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

Related:

Huawei Launches Blockchain Service Platform Based on Hyperledger Fabric

Huawei, a leading global information and communications technology (ICT) solutions provider, during its analyst conference in Shenzhen, announced launching the new blockchain-as-a-service (BaaS) platform based on Hyperledger Fabric 1.0.

Hyperledger is a collaborative effort created to advance blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally.

Hyperledger Fabric 1.0, the open source distributed ledger project from Hyperledger, was released in July, 2017. The Project is a Linux Foundation Collaborative Project and implements many open source best practices familiar to other leading projects.

Huawei, which has built more than 1,500 networks in more than 170 countries and regions, is helping connect over one-third of the world’s population. The company has contributed to the Linux Foundation’s Hyperledger Blockchain Consortium for almost two years, since 2016.

According to the Huawei whitepaper, the new BaaS platform will enable companies to develop smart contacts on top of a distributed ledger network. The platform allows clients to build smart contract apps that mainly focus on supply chain, public services such as financial auditing and ID verification and tokenized security assets.

“The blockchain service is a general basic technology that is open, user-friendly, flexible, and efficient. Centering on the blockchain cloud platform, the BCS can support enterprises quickly and flexibly develop blockchain solutions and applications on Huawei Cloud”, reads the whitepaper.

The blockchain service is delivered on Huawei Cloud, which delivers diverse cloud computing products and customized industry solutions to enterprises. These products and services are supported by unique technologies, low cost, flexibility, telecom-level security, and efficient, on-demand management. It can be integrated with existing Huawei Cloud products and solutions to support enterprises move towards the era of cloud in a secure, efficient, and tamper-proof approach, and quickly deploy new solutions and applications.

The launch marks Huawei’s speed-up and boost of the Chinese tech giant into the blockchain technology. Other tech and Internet giants from China are also moving there. Recently, Tencent and Baidu launched their own blockchain service platforms.

Related: