Report: Baidu-TRON ‘Partnership’ Involves Cloud Computing Provision, Not Blockchain

Published at: Oct. 16, 2018

The unconfirmed “partnership” between decentralized internet project TRON (TRX) and China's largest internet search provider Baidu will center on cloud computing resources, not blockchain, according to a report published by ODaily October 15.

The report, as cited and translated by local crypto news source CNLedger, states that Baidu Cloud and TRON have closed a deal to cooperate in terms of “basic cloud business”; it claims that both parties will work to maximize intercompatibility and “to build, operate and debug blockchain products” based on Baidu Cloud.

However, according to the report, the partnership remains focused on the purchase and use of Baidu's basic cloud computing resources, rather than being a connection “at the blockchain business level.”

Furthermore, ODaily reports that Baidu separately has plans to release its so-called “Blockchain Commercialization Super Partner Plan v1.0,” which reportedly focuses on tech exploration and revenue sharing with “commercial super partners” to build a blockchain ecosystem that is “mutually beneficial.”

As previously reported, Baidu released a white paper focused on the development of its ‘Super Chain’ network system in late September, which introduced the idea of commercializing the Baidu cloud blockchain BaaS platform.

ODaily’s report appears to add further details – while notably not yet officially confirmed – to last week’s reports about a forthcoming TRON-Baidu “partnership,” citing private correspondence with the TRON team at the time.

On Oct. 12, TRON CEO Justin Sun hinted on Twitter at a secret partnership with an unnamed “industry giant” that is valued at “tens of billions of dollars,” although he coyly provided scant details:

“Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name.”

Tags
Related Posts
Unconfirmed: TRON to Partner with ‘China’s Google,’ Baidu
The team of cryptocurrency project TRON (TRX) has reportedly partnered with China's largest Internet search provider Baidu. Crypto market news service Coinness has claimed this in a tweet Thursday, Oct. 11, citing its private correspondence with TRON’s team. Neither TRON nor Baidu have been able to confirm the partnership to Cointelegraph as of press time. Without specifying the details of the partnership, Coinness has claimed that the deal between TRON and China’s Internet giant Baidu will be “officially” revealed by the cloud storage service Baidu Cloud “next week.” While Coinness claims that TRON has exclusively confirmed the partnership in private …
Adoption / Oct. 13, 2018
Tron CEO Justin Sun Hints at Partnership With Liverpool FC, Liverpool Denies
This article has been updated to include Liverpool’s denial of the Tron partnership. Tron CEO Justin Sun said in a tweet on April 24 that the Tron Foundation, the firm behind the 11th biggest cryptocurrency Tron (TRON), will reportedly partner with British professional football club Liverpool. However, a Liverpool spokesperson reportedly told Decrypt Media that “Liverpool Football Club has confirmed that it does not have a partnership with Tron.” While Sun did not include any specific details about the nature of the upcoming partnership — which has since been denied — the tweet features a short video invitation from Liverpool …
Adoption / April 24, 2019
Confirmed: Baidu and TRON to Cooperate on Cloud Computing Resources
Decentralized Internet project TRON (TRX) and China's largest Internet search provider Baidu will cooperate on cloud computing resources, according to an official tweet from the TRON Foundation posted yesterday, October 17. The tweet confirms a series of unofficial reports that have been circulating since Oct. 13. The first indication that the nature of the Baidu-TRON cooperation would be specifically centered on cloud service provision surfaced earlier this week, in the same report from local news source ODaily that TRON has today retweeted, sealing its official confirmation of the news. ODaily’s text states that Baidu Cloud and TRON have closed a …
Decentralization / Oct. 18, 2018
Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K
If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after Bitcoin (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins. Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects. Tron ecosystem leads the …
Blockchain / April 6, 2021
User Retention: The Holy Grail for DApps Moving Beyond Buzzword Status
Decentralized apps (DApp) continue to be a major focus point for developers in the crypto space. However, 2019 ended with DApps still far off from reaching their much-touted potential of being the “future of the internet.” DApp projects in 2019 continued to suffer from their usual issues like poor user retention and the difficulties of navigating user interfaces (UI), among others. While some projects boast market capitalizations north of $100 million, they fail to attract more than a handful of daily users. In the early weeks of 2020, some analytics firms dedicated to monitoring the DApp ecosystem have released reports …
Decentralization / Jan. 26, 2020