Alibaba Cloud Announces its Blockchain as a Service (BaaS) offering

Alibaba Cloud has launched its Blockchain as a Service (BaaS) offering on 24th October 2018. The major global regions that blockchain offering covers are South East Asia, the U.S, and Europe.

Alibaba Cloud's blockchain as a service is an enterprise level offering. It is based on two platforms of Hyperledger Fabric and Ant Blockchain.

Hyperledger is a multi-project, multi-stakeholder effort among leading industry players. It includes 10 business blockchain and distributed ledger technologies (DLT).  Hyperledger Fabric is an Open Source blockchain framework implementation. Hyperledger projects are hosted by The Linux Foundation.

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

Senior Staff Engineer and lead of Alibaba Cloud Blockchain Service, Yi Li 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. Alibaba Cloud is also the first blockchain service provider of Intel SGX security technology. We aim to become a technology partner that enables companies that wish to use blockchain to accelerate their digital transformation".

Alibaba Cloud's Blockchain as a Service (BaaS) supports a wide range of applications including automatic deployment, consortium blockchain management, smart contracts, user and certificate management and SDK (Software Development Kit) applications, as well as a range of monitoring, operating and maintenance functions.

Alibaba Cloud claims to provide safe and reliable blockchain environment, a core requirement for any enterprise level service offerings including Blockchain as a Service (BaaS). The security of BaaS is guarded by trusted computing and a secure consortium blockchain network. Being cost-effective and reliabile cloud platform, customers can now build a secure and stable environment for their blockchain implementations.

Alibaba's Cloud Enterprise Network (CEN)-based blockchain technology facilitates hybrid cloud and distributed business systems. Cloud Enterprise Network facilitates communication between VPC to VPC and VPC to IDC. Routing information in CEN can be learned and distributed automatically. It allows CEN to achieve fast routing convergence and improved network quality and security. New Blockchain as a Service also supports Java SDK and Node.js. It can protected with the help of its anti-DDoS attack capabilities.

Executive Director, Hyperledger, Brian Behlendorf said, "We're delighted to see the launch of Alibaba Cloud BaaS powered by Hyperledger Fabric as we've already seen many Hyperledger use cases in production this year. As stated in MIIT's recent whitepaper , 2018 is set to be another blockbuster year for the industry a with record amount of capital to be injected into companies in the space, and Hyperledger is committed to the development of blockchain technologies in China. Together with Alibaba Cloud, we look forward to bringing more exciting innovations to the global blockchain communities".