Chinese tech giant Huawei’s cloud business arm rolls out Blockchain Service

Huawei Cloud, Chinese tech giant Huawei’s cloud business arm, has launched its Blockchain Service (BCS) for global use on November 15, 2018.

This follows the launch of BCS for commercial use in China last month. BCS, which is now available on the international Huawei Cloud website, helps global enterprises and developers create, deploy, and manage blockchain applications in a fast and cost-effective manner.

“BCS is a cloud service that capitalizes on the advantages of HUAWEI CLOUD's container and security technologies, among others,” Huawei Cloud said.

“HUAWEI CLOUD BCS is dedicated to providing enterprises with a solid foundation for innovation and development, working with enterprises to build a better world. Using BCS, a company can establish a blockchain system perfectly suited to its own business in just 5 to 10 minutes.”

The service is open and easy to use and has built-in compliance with Hyperledger Fabric 1.1 and Kubernetes. Other key features include:

• 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
• Lower development and deployment costs, pay-per-use convenience, reduced O&M costs with unified management, and auto scaling and upgrade/rollback on demand
• Complete management and isolation of users, keys, and permissions; multi-layer encryption and privacy assurance; fully demonstrated cyber security infrastructure

It can be used in areas such as data transactions, identity authentication, proof of information, remote healthcare, finance, food source tracing, the Internet of Vehicles (IoV), and IoT device management, among others.

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