Huawei Is Building Tech That Can Stress Test Blockchains
Chinese telecoms and electronics giant Huawei has been secretly working on a project designed to gauge the abilities of various blockchains.
The new national blockchain committee was formed to discuss and set industry standards for distributed ledger technology.
Huawei's CEO said: "Even China is able to issue such currencies, why wait for Libra?"
Huawei’s cloud services arm is helping the Beijing government set up a blockchain platform that would better track and manage people’s data.
Huawei's newly launched mobile app store will feature the tech giant's first cryptocurrency wallet offering, thanks to a partnership with BTC.com.
Huawei has become the latest Chinese tech giant to launch its own blockchain-as-a-service platform, following on the heels of Tencent and Baidu.