Last year Microsoft, ConsenSys, and BlockApps partnered together to offer the public a Blockchain as a Service (BaaS). Now BlockApps CEO Victor Wong has announced the BaaS protocol is now available for consumers based in China.
Also read: Microsoft Rolls Out Its Cloud-Based Ethereum Consortium
BlockApps Introduces China’s Blockchain as a Service
BlockApps Strato is a full-stack enterprise technology platform that enables users to create industry specific blockchain protocols. Founded in February 2015, the startup has built an application that provides customized distributed ledgers using the Ethereum blockchain.
BlockApps is compiled in the programming language Haskell and has been available on the Microsoft Azure cloud platform. BlockApps CEO & founder Victor Wong recently revealed they will now introduce the Block Apps technology to China. The move to provide China a BaaS was bolstered by the joint effort of Microsoft and 21vianet.
“Until very recently, one major market has always been missing, and that changes today.— Now for the first time, Chinese developers will be able to access the same tools as blockchain developers around the world. But that’s not all. It won’t only be on Microsoft Azure. It will be on all major Chinese clouds, from Tencent Cloud, Aliyun Cloud, to Wancloud,” said Wong.
Building a Vast Array of Blockchain Concepts
BlockApps wants programmers to quickly build a blockchain environment in minutes. This includes building a customized blockchain with the user’s specifications. BlockApps users have the turing-complete Ethereum protocol at their disposal as well as the ability to deploy smart contracts. Additionally, users can form their own consortium with other Strato nodes or the public Ethereum blockchain.
BlockApps CEO also detailed that over 1,000 projects have been built using a BaaS protocol. Fortune 500 companies and startups have been creating platforms that are changing finance, insurance, the supply chain, healthcare and more, added Wong. So far these projects have stemmed from fourteen different countries, and now China will be added to the list.
Fenbushi Capital and Wanxiang to Help Bolster BaaS in China
BlockApps now gives Chinese residents the ability to create, using these BaaS protocols. The company has been scaling its efforts and recently enabled Strato to those using OpenShift, Red Hat’s container application platform. In order to expand further in China, the startup is partnering with firms that are advocating these emerging technologies in the region.
“In order to fuel our expansion globally, and in China, we wanted to work with the best. And so we worked with investors from Hong Kong, China, and the US led by Fenbushi Capital and the Wanxiang Group,” said Wong. “This has already led to us landing projects in China, including pilot production systems from Minsheng Insurance, Wanxiang Smart City, and Qianhai Smart City.”
BlockApps explains that by expanding into China with its scalable Ethereum compliant platform enterprises and startups can develop early Proof of Concepts (PoCs). These PoCs can then eventually scale into production-grade systems. BlockApps believes China will be a huge market for the BaaS solutions.
“Now for the first time, we believe with a China BaaS, that China will become the largest blockchain market service in the world,” Wong explains.
What do you think about BlockApps expanding into China? Let us know in the comments below.
Images via Shutterstock, Pixabay, and BlockApps websites.
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