Tron, a blockchain startup trying to decentralize the internet has announced its partnership with China’s largest Internet search provider Baidu. Tron and Baidu will collaborate on cloud computing plans, according to an official tweet from the TRON Foundation.
#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX pic.twitter.com/v39Zm7zMc4
— TRON Foundation (@Tronfoundation) October 18, 2018
Tron Foundation disclosed in its latest tweet that it would be operating jointly with Baidu, a China-based internet giant, to utilize their cloud solutions. The tweet validates a number of unauthorized stories that have been broadcasting since Oct. 13. The initial sign that the essence of the Baidu-TRON union would be particularly focused on cloud service procurement.
Earlier this week, there were rumors around a potential alliance between Justin Sun’s Tron (TRX) and Chinese Internet Search Giant Baidu. According to CoinTelegraph, Baidu Cloud and TRON have settled an agreement to collaborate in terms of “basic cloud business,” describing that both companies will work to increase the blockchain progress and to create, work and debug blockchain outcomes” based on Baidu Cloud. Prominently, the cooperation between the two companies remains centered on the procurement and use of Baidu’s fundamental cloud computing resources, rather than being a link at the blockchain business level.
In this collaboration, both companies will work on the Blockchain Commercialization Super Partner Program 1.0. This will drive the research method in the arena of blockchain for the internet service-provider and will help in creating a reliable blockchain ecosystem for the society with the participation of numerous trading companies.
Before today’s official confirmation, TRON CEO Justin Sun indicated on Twitter Oct. 12, a secret “partnership” with an unnamed “industry giant” that is valued at “tens of billions of dollars.”
On this, the famous crypto analyst Ari Paul tweeted that
This deserves to be called out as misleading marketing. If I buy a computer with Microsoft Windows installed, I should not claim to have partnered with Microsoft without clarifying the limited nature of the ‘partnership
Assuming the below is accurate, this deserves to be called out as misleading marketing. If I buy a computer with Microsoft Windows installed, I should not claim to have partnered with Microsoft without clarifying the limited nature of the ‘partnership.’ https://t.co/MbOhaYgkvD
— Ari Paul ⛓️ (@AriDavidPaul) October 15, 2018
This is not the first time Baidu and blockchain are in the news. In the month of July 2018, the Chinese internet giant had launched a blockchain-based photo validating and sharing service. They had also added a proprietary token to incentivize users to adopt their software that gives a blockchain intellectual property record.
In this, when users upload their original images through the application, the blockchain’s participating nodes, which could be third party photo stock agents and copyright protection organizations, will validate the originality of the images. If approved, the nodes timestamp the critical information and save it to XuperChain. This produces verifiable data that can be used in the event of a copyright dispute later on.
Baidu is a Chinese multinational technology firm concentrating on Internet-related services and results, and artificial intelligence. It is headquartered at the Baidu Campus in Beijing’s Haidian District. Their internet platform has different apps and services. It has over 2 billion active users worldwide. Baidu’s independent driving project “Apollo” is one of the world’s most advanced AI programs. It has more than 100 global partners as of 2018, including BYD, Dongfeng, Microsoft, Intel, Nvidia, Daimler AG, ZTE, Grab, Ford, Hyundai, and Honda. Baidu is the 2nd largest search engine in the world, holding 76.05% market share in China’s search engine market. Baidu was the first Chinese company to be included in the NASDAQ-100 index back in December 2007.
TRON Foundation was founded in September 2017 by current CEO Justin Sun. The company explains the purpose of the etiquette as the development of a global and open entertainment content ecosystem, in which producers have the capability to easily advertise, reserve, and own their content, communicating undeviatingly with customers because of the decentralized issuance, distribution, and exchanging of digital assets.
Follow us on Twitter, Facebook, Steemit, and join our Telegram channel for the latest blockchain and cryptocurrency news.
Ripple Price Prediction – How High will XRP reach in 2050?
Facebook Contest Winners to Get iPhone X from Tron
Tron Breaks into Top 10 Cryptocurrencies, Eyes Top 5
Shiba Inu to Reach 1$ soon? This New Upcoming Development Proves it Right
Baidu’s Digital Media Blockchain Intellectual Property Platform
Should You Invest In TRON? : The Story of Tron Blockchain and a Lot of FOMO
Bitcoin Falls Suddenly But Tron Jumps Higher
Ripple Price Prediction – How High will XRP Reach in 2025?
49 billion ERC20 TRX tokens burned but Pornhub news took the day
Tron Price is about to DOUBLE? THIS Chart confirms…
Big News: Ripple Price is about to TRIPLE? This News Confirms…
Bitcoin Dips Past $9,000; Tron, EOS and Verge On the Rise
Tron’s Dream Home giveaway fuels rumors of future developments
Will Tron (TRX) Oust Litecoin (LTC) From 7th Spot?
The Big Ripple Price Prediction for 2023 – How high can the XRP price go in 2023?
Breaking: Police raid TRON office in Beijing?
Tron (TRX) Main Net Fails to Impress But Hopes are Alive
Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
Tron Continues Token Migration to Odyssey 2.0 Smoothly
Crypto Market: Golos +371%, bZx/Chainlink Partner, On-Chain Analysis etc.
TRON Partners with Crypto Lending Company Cred to Provide Crypto Loans to TRX Holders
You might also like
More from Blockchain Companies
Cryptos on Edge as SEC Hits Binance with Lawsuit! BTC CRASH to 20K?
The SEC has filed a lawsuit against Binance, the largest cryptocurrency exchange by trading volume. Will BTC crash to 20K?
Binance CEO Faces Legal Action from SEC on Alleged Securities Violations
The SEC has initiated legal action against Binance, one of the world's largest cryptocurrency exchange platforms, and its CEO Changpeng …
Bitcoin ATMs are on the RISE! Good News for the Crypto Market?
This article explores the concept of Bitcoin ATMs, their inception, and highlights the countries with the highest number of these …