China’s Alibaba Cloud Takes Its BaaS to Global Markets
October 24, China’s e-commerce giant Alibaba has extended its cloud BaaS (blockchain-as-a-service) product to broader international markets. The BaaS service was initially launched in China by Alibaba’s computing arm Alibaba Cloud in August 2018. This time, the firm is offering their service to major global markets including South Asia, the US and Europe.
According to the official website, Alibaba Cloud’s BaaS provides an enterprise-level platform service based on leading blockchain technologies. Just like other similar platforms, it helps customers to build a secure and stable blockchain environment for blockchain implementations.
Alibaba Cloud’s BaaS supports enterprise-level blockchain applications and data build on either Hyperledger Fabric, a Hyperledger project hosted by the Linux Foundation; or Ant Blockchain, the blockchain protocol and network developed by Alibaba Group’s affiliate Ant Financial.
Alibaba’s BaaS offers a broad range of application including automatic development, consortium blockchain management, smart contracts, user and certificate management and SDK (Software Development Kit) that can be applied in various scenarios such as products provenance, supply chain finance, data assets sharing and copyright of digital contents.
Yi Li, Senior Staff Engineer and lead of Alibaba Cloud Blockchain Service, comment on their BaaS global expansion and indicated that the company is aiming to provide a trust infrastructure that promotes the blockchain-based digital transformation and technical innovation for their enterprise customers all over the world.
According to Li, Alibaba Cloud is also the first blockchain service producer utilizes Intel SGX security technology to prevent data from cyberattacks.
In addition, As an enterprise-grade blockchain platform service, Alibaba Cloud always strives for a safe and reliable blockchain environment. Besides the twin-engine feature, Alibaba’s Cloud Enterprise Network (CEN)-based blockchain technology facilitates hybrid cloud and distributed business systems. It also supports Java SDK and Node.js SDK and is equipped with anti-DDoS attack capabilities.
This week, Alibaba Cloud has launched two new availability zones in the U.K. to meet rapidly increasing customer demand. As of press time, the firm is operating 52 availability zones in 19 regions across the world.