Huawei’s main object is piloting blockchain in different spheres: supply chain, finance, IoT based logistics, connected cars, carriers cloud network synergy and government data storage. The white paper refers about the important need of advanced safety while constructing blockchain and claims that the blockchain service will be making use of three layers i.e, cloud, pipe and devices and a combination of software and hardware protection in order to provide a highly trustworthy and secure system.
Huawei will be offering one-stop blockchain platform services to all its developers and enterprises which links planning, purchase, configuration, development, product launch and O&M. The platform gives a perspective to high performance, security, and reliability to all the users.
It’s good to see all the top companies around the globe embracing blockchain technology. They know what the real deal is and are stepping forward to shape a better future. Blockchain will definitely pave path to an easier and secure future.
Lenny Jacob, blockchain and cryptocurrency enthusiast
The blockchain applies consensus algorithm, shared ledger, P2P network, smart contract engine, persistent storage and blockchain security and privacy (SM2, SM3 & SM4). The base characteristics of the product are flexibility, on-demand charging and visualized data management and thereby increases the usability and decrease the on-going and initial usage costs.
China is cool with blockchain but banned Bitcoin. If only someone could make China release the potential of cryptocurrency.
Ben Larson, cryptocurrency investor, trader
Huawei will also be emerging as the Vice President of the Trusted Blockchain Alliance, a co-operation platform for the government, universities, industry and research sectors in order to support China’s top-level blockchain design and help build a win-win and harmonious industry environment. Huawei will be collaborating with 150 companies which include JD Finance, China Mobile, China Telecom, Tencent, and Chainnova.