Chinese conglomerate Alibaba (NYSE:BABA) Group has expanded its blockchain cloud business outside of its home country, according to a press release on Wednesday. The distributed ledger technology (DLT) services target the lucrative markets of South East Asia, North America, and Europe.

Alibaba’s blockchain is BaaS, which means it follows the software-as-a-service (SaaS) model. Clients can use DLT solutions to create applications for various business purposes, including management, automatic deployment, control and maintenance of daily activities, as well as the launch of Software Development Kit (SDK) apps. Some of those functions target the same business groups as the expanded blo…

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