Huawei is putting blockchain into the stratosphere
By Matthew Beedham At its 2019 “ Cloud Summit ” industry conference in Hong Kong, Huawei unveiled a new blockchain-based cloud service. Huawei Cloud now offers blockchain oriented services designed to help Hong Kong-based businesses make use of the decentralized platform’s typical characteristics. These being, decentralization, immutability, and traceability (transparency). Huawei hopes this will aid the Chinese province’s mission to become an international financial and logistics hub. Specific details of the blockchain service have not been disclosed. But given the wording used to promote the new offering it will be a form of privatized, permissioned ledger designed for corporate clients. It shouldn’t be entirely surprising that Huawei‘s cloud division has got into the blockchain game. Late last year, Huawei featured as one of the founding telecom members in an “ industry specific group ” setup to explore the viability and potential of blockchain technologies for v...