(BlockBar) Huawei，the Chinese telecom hardware giant, is studying the entire Latin American market and considering expanding its business. According to the report, a Huawei executive told the CIABFebraban conference on June 11 that products and services that support blockchain are likely to be launched on the African continent soon.

Huawei Blockchain Service is a high performance, high availability and high security Blockchain technology platform Service for enterprises and developers. It can help enterprises and developers create, deploy and manage Blockchain applications on Huawei cloud quickly and cheaply. Products and services that support blockchain are to be expected on the African continent soon, a Huawei executive said at the CIAB Febraban conference on June 11. Anonymous sources point out:

“It all depends on the results of our market analysis, and if there is a demand for blockchain, we will provide services in this area. Now we’re focusing on storage, 5G and telecommunications. ”

The company says it has several contracts with the Brazilian government for storage solutions and is negotiating a deal for 5G infrastructures. Last April, Huawei launched a blockchain as a service product through its cloud platform, which reportedly allows the creation and management of blockchain applications at a low cost.

The executive also said he was not sure of the company’s development of further cryptocurrencies and at the same time, he didn’t receive any updated progress.

Previously, blockchain software consortium R3 revealed that it is developing a blockchain platform in Brazil with Bradesco, Itau and B3 Banks.

Yesterday, it was announced that CIP, a promoter of Brazil’s banking and financial infrastructure, has officially launched its blockchain ID platform using the Hyperledger Fabric in collaboration with IBM.