Huawei Cloud, the cloud services arm of Huawei Global, has announced the launch of its Blockchain Service (BCS), according to an official press release.

The BCS was launched for commercial use in China earlier this year, and it is now available to a global audience on Huawei Cloud’s international website.

The service allows global entrepreneurs and developers to create, deploy and manage blockchain applications on Huawei Cloud, at a blistering pace and cheaper cost. Per the announcement, the global launch of BCS will also lay the groundwork for a soon to be released distributed global blockchain platform.

BCS is a cloud service that leverages on the blockchain and on some of the advantages inherent in the Huawei Cloud container and security technologies. The company claims that the BCS can be applied in most industries, including the Internet of Things (IoT), data applications and finance. BCS will be able to cover a wide array of scenarios, including but not limited to identity verification, food source tracing, remote healthcare, data transactions, IoT device management, proof of information and the Internet of Vehicles (IoV).

Several applications of blockchain technology are being investigated and explored by various enterprises across various industries, but Huawei is taking it a step further by deploying the distributed ledger technology on a cloud service. Deployment is a time-consuming process, and it is essential that developers have a proper understanding of the terminologies and concepts under blockchain technology.

According to Huawei, its Blockchain Service is flexible and efficient, among other things. It makes it easy to switch, join or quit multi-role nodes and members. It also offers multiple efficient consensus algorithms (5,000+TPS). Another advantage that was highlighted in the press release is the low cost of deployment and reduce O&M costs with unified management and its security and privacy protections, which the company claims can manage and isolate users, permission and their private keys and still provide multi-layer encryption and privacy for users.

Back in 2016, Huawei partnered with Hyperledger, one of the most popular open-source projects in the blockchain field, to launch the Linux Foundation. Thanks to its continuous technical and code contributions to Fabric and STL, Huawei has been recognized as a major maintainer of Hyperledger. In these sub-projects, Huawei remains the only Hyperledger maintainer from Asia.