Alibaba Cloud launches global Blockchain as a Service

The service supports dual-platform implementation and provides greater security.

Alibaba Cloud has expanded its Blockchain as a Service (BaaS) offering to major global markets including South East Asia, the U.S and Europe. Alibaba Cloud’s BaaS provides an enterprise-level platform service based on leading blockchain technologies and helps customers build a secure and stable environment for blockchain implementations.

 

Alibaba Cloud’s BaaS supports enterprise-level blockchain applications on the two  platforms of Hyperledger Fabric and Ant Blockchain. Hyperledger is a multi-project, multi-stakeholder effort that includes 10 business blockchain and distributed ledger technologies (DLT). Hyperledger Fabric is a blockchain framework implementation and one of the Hyperledger projects hosted by The Linux Foundation. Ant Blockchain, developed by Alibaba Group’s financial affiliate Ant Financial Services Group, is a proprietary and multi-patented high-performing blockchain platform. The security of BaaS is guarded by trusted computing and a secure consortium blockchain network. With this strong architecture, customers can create their own BaaS applications on Alibaba Cloud’s effective and reliable platform.

 

“We pride ourselves to be the trust infrastructure for business which empowers many innovations across all industries. Our customers in China have already experienced the benefits from our BaaS platform and we are excited to extend this service to other enterprise customers all over the world. Alibaba Cloud is also the first blockchain service provider of Intel SGX security technology. We aim to become a technology partner that enables companies that wish to use blockchain to accelerate their digital transformation,” said Yi Li, Senior Staff Engineer and lead of Alibaba Cloud Blockchain Service.

 

“We're delighted to see the launch of Alibaba Cloud BaaS powered by Hyperledger Fabric as we've already seen many Hyperledger use cases in production this year. As stated in MIIT’s recent whitepaper, 2018 is set to be another blockbuster year for the industry with record amount of capital to be injected into companies in the space, and Hyperledger is committed to the development of blockchain technologies in China. Together with Alibaba Cloud, we look forward to bringing more exciting innovations to the global blockchain communities,” said Brian Behlendorf, Executive Director, Hyperledger.
Arctera unveils updates to help organisations manage AI compliance risks through capture,...
Parallel Works introduces its ACTIVATE AI Partner Ecosystem, enhancing AI infrastructure with...
Korean researchers develop a cutting-edge NPU core enhancing generative AI performance by over 60%...
As AI adoption lags among UK SMEs, potential risks emerge. How can small businesses overcome...
Palo Alto Networks enhances its AI security portfolio by acquiring Protect AI, aiming to secure the...
Commvault plans to acquire Satori Cyber Ltd to bolster its data security and AI governance...
OutSystems launches the Early Access Program for Agent Workbench, designed to streamline AI-driven...
Survey data reveals AI's role as an assistive tool in cybersecurity, highlighting potential areas...