Tencent beats other Chinese tech giants in international BaaS competitive assessment

minutes 2018/11/22 05:54:56
China's Financial News, China News ,Tencent

Nov 22, 2018 (China Knowledge) - In the newly released BaaS (Blockchain-as-a-Service) Competitiveness Ranking List published by ABI Research, an authoritative industry analyst, Tencent cloud TBaaS has ranked first in China's blockchain market by its outstanding performance in market application, product landing, ecological support, security and additional services.

This ranking covered 11 world-renowned BaaS service providers Alibaba, Amazon, Baidu, Cisco, HPE, Huawei, IBM, Microsoft, Oracle, SAP, and Tencent. The assessment focused on the evaluation of innovative indicators of service providers, such as market penetration, proof of concept and pilot, and ecosystem support, it also takes into account platform diversity, major features, developer resources and solutions.

Tencent cloud started developing the blockchain in 2015, and officially launched the TBaaS open platform in November 2017. TBaaS provides financial-level blockchain services for enterprises, providing CA certificate services, state-secret algorithm support, user and transaction privacy protection and other security guarantees, so that any enterprise can easily build financial-level high-security, high-trust alliance blockchain services on TBaaS platform. TBaaS focuses on the key functions of distributed account book, transaction consensus, tamper-proof data, and enhances the capabilities of authority management, security control, privacy protection, supervision and management according to users’ requirements.

ABI Research predicts that because of Tencent Cloud’s global deployment of cloud computing date centers its TBaaS platform will be applied in more areas in the next few years.

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