Huawei is launching a Blockchain application platform. Chinese telecommunications giant Huawei announced on Tuesday (April 17th) the technology of Blockchain backed by Hyperledger, which is developing a conference in Shenzhen.

Hyperledger, an open source Blockchain operation

One month after Calliper, known as Huawei and Hyperledger's joint project, the Blockchain (Blockchain-as-a-Service (BaaS)) application was introduced in the Service Sector. This project will be called "Blockchain service" in short

Hyperledger is an open source Blockchain operation developed by the Linux Foundation in 2015. Since its inception, it has undertaken sponsorship agreements, multiple partnerships and integrations with hundreds of large companies.

Huawei Blockchain application platform and aims to be ahead of competitors

Focusing on smart contract development, Huawei's Blockchain service is a high performance, high availability and high security Blockchain technology platform for businesses and developers. The official statement said that companies and developers will be able to create and process projects at low cost thanks to the Huawei cloud service.

Huawei has been working extensively to get in the first place in the competition with companies like Blockchain, Tencent and JD.com. Huawei is also involved in a major sponsorship deal with Hyperledger, which has been working together since October of last year, with the Caliper project put into effect in May 2017. Chinese Internet giant Baidu joined Hyperledger in October of last year. At the beginning of this month, Baidu launched its own Blockchain-based image rights platform.