Alibaba Launches Global Blockchain
Global News

Alibaba Launches Global Blockchain

Chinese logistics giant rolls out global solution

TLME News Service

Alibaba Cloud, the cloud computing arm of Alibaba Group, has expanded its Blockchain as a Service (BaaS) offering to major global markets.

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.

What is Blockchain? Your Questions Answered

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).

Ant Blockchain, developed by Alibaba Group’s financial affiliate Ant Financial Services Group, is a proprietary and multi-patented high-performing blockchain platform.

Brian Behlendorf, Executive Director, Hyperledger, said: “We proud 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.”

Read more: Abu Dhabi Ports & MSC Announce Blockchain Pilot

Transport and Logistics ME