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10/21, 9:48 AM (Source: TeleTrader)
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Huawei seeks patent for blockchain-based settlement - report

Chinese tech giant Huawei is seeking a patent for a blockchain-based settlement, the Global Times reported on Monday. The report cited a Chinese company information provider which said that Huawei has filed the patent application. No further details were given.

Last year, Huawei launched its Blockchain-as-a-service (BCaaS) platform with the aim to allow companies to build smart contracts on top of a distributed ledger network, as well as its Cloud Blockchain Service (BCS) that enables firms to develop, deploy and manage blockchain applications.

Breaking the News / NP