The BCS was already launched for commercial use in China this year and it is available to a broad audience via Huawei Cloud’s international website.
This service will help entrepreneurs and developers around the world to create and deploy blockchain applications on the Huawei Cloud at a much cheaper cost. The global launch will also set the ground for a global blockchain platform to be released soon.
The company claims that the BCS services can be applied in multiple industries including finances, data applications and the Internet of Things. Also, BCS will cover identity verification, data transactions, source tracking and remote healthcare and many more areas. Other applications are now being investigated across various industries but Huawei also wants to deploy the DLT on the cloud service as well.
According to the company, their blockchain services are flexible and efficient and it is made easy to turn on, turn off or join multi-role nodes and members in an instant. They also offer efficient consensus algorithms and low cost of deployment.
In early 2016, Huawei partnered with Hyperledger which an extremely popular open-source project in the blockchain sector so they could launch the Linux Foundation. Thanks to the technical support, Huawei is now recognized as a huge maintainer and supporter of Hyperledger.
Also, with the work on Caliper since its inception in May 2017, Huawei already knows how to build successful projects like this and is a major sponsor of Hyperledger. In October 2017, Huawei joined as a sponsor behind it along with the Chinese internet giant Baidu, who recently launched its own blockchain-based image rights platform.
Russian State Duma To Review Crypto Regulation: Preparing For Oil-Backed Crypto
“Perhaps the oil-backed cryptocurrency will be the pioneering project that will create a reliable structure for the cryptographic market as a whole," he concluded.
Fidelity Investments Adopts Lighting Torch
New Privacy Mechanism For ETH Smart Contracts Developed By Stanford Researchers
“We describe an extension to Zether that can also hide the sender and receiver involved in a transaction among a group of users chosen by the sender. Though the overhead associated with anonymity scales linearly with the size of the group, no trusted set-up is needed and no changes to the underlying smart contract platform are required.”The report specifies that the Zether contract will never transfer funds without checking a transfer proof in order to prevent illegal transfers. This new design makes sure that the security of Zether depends on itself and not on third-parties or outside smart contracts. All of the privacy coins that provide users with a higher level of anonymity are still receiving mixed feelings from the community. For example, Charlie Lee declared he is focused on making Litecoin more fungible and private and to implement confidential transactions sometime in 2019.
Two Ohio-Based Companies Officially Paid Taxes With Cryptocurrency
“We will never accept won or renminbi or francs or cryptocurrency, or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”Sprague pointed out that the treasury is reviewing how the program can be expanded and they are looking into the potential risks that can come up by using this method of tax payments. Ohio is working hard to attract blockchain-related businesses to the state. The state has already passed a law allowing businesses to pay taxes in crypto but the State Treasurer Josh Mandel stated that the legislation ‘’pants a flag’’ in Ohio regarding cryptocurrency adoption. Two days ago, the County Auditors’ Association of Ohio announced the gathering of a group that will work to explore the benefits of blockchain in real estate and transfer of land titles.
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