Huawei is considering launching its blockchain services in Latin America

Huawei, the Chinese telecommunications hardware giant, is studying the entire Latin American market and is considering expanding its operations, Cointelegraph Brasil reports on June 13.

According to the report, a Huawei executive said at the CIAB Febraban conference on June 11 that it was possible that his blockchain-enabled products and services would soon be available on the continent. The executive in question, who asked to remain anonymous, said:

“Everything will depend on the result of our market analysis and, in case there is a market demand for blockchain, we will make our services available in this area. Today we are focused on storage, 5G and telecommunications. ” The company claimed to have several contracts with the Brazilian government for storage solutions and to be in talks for 5G infrastructure agreements. In April of last year, Huawei also presented its blockchain-as-a-service offering through its cloud platform, which would allow the creation and administration of blockchain applications at low cost.

When asked about the trade war between the United States and China, and the possible effects on the company, the executive said he was confident that it would be resolved and pointed out that the only problem that needs to be solved is access to software licenses. Google Android. However, he promised that customers will not be seriously affected by US measures.

The executive also said that he does not know other news related to the cryptocurrency in the company, but believes that there are no developments to report at this time.

As Cointelegraph previously reported, the R3 blockchain software consortium revealed that it was developing a blockchain platform in Brazil with the Bradesco, Itau and B3 banks.

Yesterday it was learned that CIP, a Brazilian banking and financial infrastructure facilitator, has officially launched its blockchain identification platform through a partnership with IBM using Hyperledger Fabric.


Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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