Story image

Huawei Cloud launches international blockchain service

04 Dec 2018

Huawei Cloud officially launched its Blockchain Service (BCS) for global use, after launching it for commercial use in China on October 10th this year.

Now available on the international Huawei Cloud website, the service supposedly helps global enterprises and developers create, deploy, and manage blockchain applications quickly on Huawei Cloud. Its global launch lays the foundations for a distributed global blockchain platform.

Being proactive is essential to building a blockchain ecosystem

Blockchain features decentralisation, tamper resistance, and traceability, and builds trust between transaction participants. 

As such, blockchain generates value when used in enterprise applications in specific industry scenarios. 

Enterprises in various industries are currently exploring the applications of the blockchain, but deploying a blockchain on a cloud is no mean feat. Indeed, developers need to have a thorough understanding of blockchain technologies. Deployment is also time-consuming.

As early as 2016, Huawei joined Hyperledger hosted by the Linux Foundation. 

For its continuous technical and code contributions in two sub-projects, Fabric and STL, Huawei has been recognized as a key Hyperledger maintainer. Huawei is also the only maintainer from Asia in these sub-projects.

BCS is a cloud service that capitalises 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 has significant advantages

Huawei Cloud is now focused on developing its blockchain platform to offer technical support for enterprises that develop blockchain applications and solutions.

BCS has the following advantages:

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 cybersecurity infrastructure.

Huawei Cloud BCS is supposedly dedicated to providing enterprises with a solid foundation for innovation and development. 

Using BCS, a company can establish a blockchain system suited to its own business.

Fake apps on Google Play scamming users out of cryptocurrency
Fake cryptocurrency apps on Google Play have been discovered to be phishing and scamming users out of cryptocurrency, according to a new report from ESET.
Hackbusters! Reviewing 90 days of cybersecurity incident response cases
While there are occasionally very advanced new threats, these are massively outnumbered by common-or-garden email fraud, ransomware attacks and well-worn old exploits.
SEGA turns to Palo Alto Networks for cybersecurity protection
When one of the world’s largest video game pioneers wanted to strengthen its IT defences against cyber threats, it started with firewalls and real-time threat intelligence from Palo Alto Networks.
Forrester names Trend Micro Leader in email security
TrendMicro earned the highest score for technology leadership, deployment options and cloud integration.
LogRhythm releases cloud-based SIEM solution
LogRhythm Cloud provides the same feature set and user experience as its on-prem experience.
One Identity named Leader in PAM and IAM by KuppingerCole
KuppingerCole lead analyst Anmol Singh evaluated the strengths and weaknesses of 20 solution providers in the PAM market for the report.
Healthcare environments difficult to secure - Forescout
The convergence of IT, Internet of Things (IoT) and operational technology (OT) makes it more difficult for the healthcare industry to manage a wide array of hard-to-control network security risks.
Bitglass appoints new cloud, business development leaders
The cloud security company has appointed vice presidents for worldwide channels and worldwide business development.