After days of suspense and constant speculation, the Tron Foundation and Justin Sun have finally confirmed the partnership reports with Baidu circulating on the web, are actually true. The Tron foundation made the announcement via twitter. The tweet was soon retweeted by Justin Sun and read as follows:
#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX
What Next for the Two Giants?
Earlier on in the week, Crypto Crimson had explored how the partnership between Tron and Baidu might work. Further dissecting the tweet by the Tron foundation, the words that stick out are the following:
“[Tron] will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of
Blockchain As A Service
This statement can be interpreted to mean that the Tron foundation and Baidu, might just be in the process of offering something known as Blockchain As A Service (BaaS). As earlier explained, this is a service where customers leverage cloud-based solutions to build, host and use their own blockchain applications, smart contracts and functions.
This in turn means that Baidu and Tron will handle the back-end blockchain operations and infrastructure as their customers cater for their businesses and how to offer more efficient services to their customers. Developers can also build and launch their decentralized applications on the cloud.
QTUM also Offering BaaS in Partnership with Amazon
The retailing giant of Amazon has been offering BaaS for quite some time now through its Amazon Web Services (AWS). The online retailer’s most recent partnership with Qtum, promises to make blockchain services easier and efficient for clients of both firms.
QTUM will be providing smart contract development on AWS. Users and developers will now have the ability to develop and launch smart contracts via an Amazon Machine Image (AMI) that contains Qtum Core, Solidity, and Qmix web IDE.
In conclusion, Baidu has been confirmed as Tron’s newest partner as they strive to bring blockchain services to businesses and developers. One possible way they will accomplish this, is through BaaS. Amazon has been offering this service to its clients and the partnership with QTUM goes to prove that something similar will happen between TRON and Baidu.
What are you thoughts on the confirmed partnership between TRON and Baidu? Please let us know in the comment section below.
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