Huawei Reveals Blockchain Service Platform

The new service will enable firms to build smart contracts.

by Kalina Tekelieva
18 April • 2 min
In News

China-based electronics giant Huawei Technologies officially announced its new blockchain platform for building smart contracts in a whitepaper published on Tuesday.

The platform is based on an open-source blockchain technology and aims to enable enterprises to develop smart contracts on a distributed ledger network.

Huawei will provide the blockchain service (BCS) on the company’s data storage brand Huawei Cloud allowing integration with its products and solutions, as outlined in the whitepaper published on Huawei Cloud’s website.  

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Huawei's R&D Center at the Shenzhen Campus/Image source: www.huawei.com

Hyperledger Fabric as a foundation

The BCS is based on the Hyperledger Fabric framework, Huawei engineer Hu Ruifeng said on Tuesday at the company’s annual analyst summit in Shenzhen China.

Hyperledger Fabric is a blockchain framework within the Hyperledger projects hosted by the Linux Foundation, where Huawei is a member since 2016. The Hyperledger consortium is an open-source collaboration of more than 100 global companies that seeks to advance blockchain tech.

How about cryptocurrencies?

As blockchain is the technology on which cryptocurrencies are based, they are easily put in the same context. However, although the Chinese smartphone maker is broadening the scope of blockchain use in its business, it has no plans to go deep into the digital currency market.


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“Cryptocurrency is just a use case of blockchain. Huawei will not jump on the cryptocurrency bandwagon, but only focus on becoming the enabler of blockchain industry,” Huawei Cloud president Zheng Yelai said at the analyst meeting, as quoted by Chinese crypto news provider 8BTCNews.

In a move to expand the use of blockchain tech, Huawei is likely to be considering the development of a mobile phone with blockchain-based applications, Bloomberg reported on March 21, citing unnamed sources. Huawei is allegedly in partnership talks with Swiss smartphone maker Sirin Labs to use its mobile operating system SIRIN OS that is capable of running blockchain applications.