Baidu has launched a Blockchain-as-a-Service (BaaS) that provides the underlying cluster facilities and root of trust on its global cloud platform. The company says that it developed the open platform in-house and that it is targetting applications such as digital currency, payment records, insurance transactions, etc.
A similar BaaS offering was rolled out by Tencent last year. It is believed that Alibaba will launch its own blockchain service as well.
