Huawei Cloud revealed that it has officially launched its Blockchain Service (BCS) for global use, following its commercial debut in China last month.
Now available on the international Huawei Cloud website, the service – which the company says was actually launched globally a couple of weeks ago but only announced it on Thursday – helps global enterprises and developers create, deploy, and manage blockchain applications quickly and at minimal cost.
The global launch lays the foundations for a distributed global blockchain platform, the company said.
Blockchain generates value when used in enterprise applications in specific industry scenarios. Enterprises in various industries are currently exploring the applications of blockchain, but deploying a blockchain on a cloud is not easy. Developers need a thorough understanding of blockchain technologies, and deployment is time-consuming.
BCS capitalizes on Huawei Cloud’s container and security technologies, among others. Using BCS, a company can establish a blockchain system perfectly suited to its own business in just 5 to 10 minutes.
It is efficient, and universally applicable, and can be used in data applications, IoT, finance, and other fields, the company says. Usage scenarios include 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.
Huawei Cloud says BCS offers several advantages over other blockchain services:
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