Chinese communication equipment manufacturer Huawei has become the latest tech giant to bet on a distributed ledger technology (DLT)-based cloud product as a means of widening its customer base. Called Blockchain Service (BCS), Huawei’s cloud offering has been operational for international players since mid-November, nearly a month after it was commercially launched in the company’s domestic market, according to a press release.

BCS enables clients to develop, deploy, or manage DLT-powered applications, lowering operational costs and enhancing security and time efficiency, Huawei said on Thursday. The service targets various sectors, from trade finance and crypto asset exchanges to real estate and food supply. It implements multiple consensus algorithms (5,000+ TPS).

BCS has four main sub-sy…

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