This week Alibaba Cloud released its Blockchain as a Service (
BaaS) offering around the globe, including South East Asia, the US and Europe. The company is offering two solutions, one for Hyperledger Fabric and the other is the proprietary Ant Blockchain from affiliated company Ant Financial. But one question is: how big is the demand for enterprise BaaS?
Some might mistakenly dismiss Alibaba Cloud as primarily a Chinese vendor where it’s the leader for enterprise. In Gartner’s 2018 magic quadrant for worldwide cloud infrastructure (not just BaaS), just six companies qualified and Alibaba was one of them. Only Amazon AWS, Microsoft and Google made it into the leader quadrant, and even Google barely squeaked in. The other three Alibaba, Oracle and IBM appeared (in that order for “ability to execute”) in the niche player segment.
“Our customers in China have already experienced the benefits from our BaaS platform and we are excited to extend this service to other enterprise customers all over the world,” said Yi Li lead of Alibaba Cloud Blockchain Service.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
Image Copyright: Alibaba
