China’s Huawei Cloud Launches Blockchain Service

Huawei Cloud, a global provider of information and communications technology (ICT) infrastructure and smart devices, announced on Thursday it officially launched its Blockchain Service (BCS) for global use earlier this month, after launching the service for commercial use in China earlier this fall. 

The company reported that the service, which is now available on the international HUAWEI CLOUD website, helps global enterprises and developers create, deploy, and manage blockchain applications quickly and at minimal cost. Huawei Cloud claimed the service’s global launch lays the foundations for a distributed global blockchain platform.

“BCS is a cloud service that capitalizes on the advantages of Huawei Cloud’s container and security technologies, among others. It is easy to use, efficient, and universally applicable, and can be used in data applications, the Internet of Things (IoT), finance, and other fields. The scenarios it can be used in cover data transactions, identity authentication, proof of information (such as real estate and education), remote healthcare, food source tracing, the Internet of Vehicles (IoV), and IoT device management. It offers substantial assistance for establishing a technological ecosystem and digitally transforming industries.”

BCS features included:

  • Open and easy to use: Built-in compliance with Hyperledger Fabric 1.1 and Kubernetes, featuring a simple configuration, deployment in minutes, and automatic multi-angle E2E O&M
  • Flexible and efficient: Multiple efficient consensus algorithms (5,000+ TPS) and flexible switching, dynamic joining or quitting of multi-role nodes and members, and container-based physical resource management
  • Cost-effective: Lower development and deployment costs, pay-per-use convenience, reduced O&M costs with unified management, and auto-scaling and upgrade/rollback on demand
  • Robust security and privacy protections: Complete management and isolation of users, keys, and permissions; multi-layer encryption and privacy assurance; fully demonstrated cyber security infrastructure
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