China’s Alibaba Cloud Extends Enterprise Blockchain Offering to WorldWide Markets
The cloud computing arm of China’s e-commerce giant Alibaba Group – Alibaba Cloud, is improving its BaaS (Blockchain-as-a-Service) offering outside China, the company published in a press release on Oct. 24.
Following the rollout of its Blockchain-as-a-Service platform in China, Alibaba Cloud will grow its enterprise-level blockchain service to major worldwide markets including Europe, the United States., and South East Asia.
Hyperledger Fabric and Ant Blockchain – Based on this two blockchain network Alibaba Cloud’s Blockchain-as-a-Service are now targeting global enterprises, allowing them to set up the firm and stable ecosystem for blockchain extensions, the press release marks. The blockchain solution offers a broad variety of applications such as automatic deployment, consortium blockchain administration, smart contracts, and others.
The senior staff engineer as well as lead at Alibaba Cloud Blockchain Service – Yi Li, stated on the new expansion of Alibaba Cloud’s Blockchain-as-a-Service to worldwide markets, claiming that the company aims to support international companies in “accelerat[ing] their digital transformation” via blockchain.
In addition to the worldwide expansion, Alibaba Cloud also started two new availability zones in the U.K. earlier this week to match improved demand. As per the press release news, the company is now working with 52 availability zones in 19 countries over the world.
Alibaba Cloud – Founded in the year 2009, is reportedly recognized as the most significant cloud services supplier in China, as well as the third highest in the world.
The parent company – Alibaba has recently been granted a preparatory injunction against Dubai-based Alibabacoin Foundation, following a prosecution over the misleading advantage of Alibaba in their name.
Yesterday, U.S. global computer technology corporation Oracle Corporation published a suite of blockchain-functioned SaaS (Software-as-a-Service) applications relied on its Oracle Blockchain Cloud Service. The new blockchain-based applicability suite and a platform-as-a-service (PaaS) product are set to enable transparency in logistics and improve the traceability of supply chains.