certify
Home arrow Article arrow Article Detail

Avalanche to Boost Alibaba Cloud Services in Asia

Profile Image

Pavan A Follow

INDIA

Dec, 05 2022

Dec, 05 2022

likes | comments 0

Article Image

A division of Alibaba, the world's largest e-commerce corporation, Alibaba Cloud, plans to upgrade its cloud infrastructure technology to support Alibaba Node-as-a-Service.

 

Alibaba Cloud's partnership with Avalanche will enable users to launch validator nodes on Avalanche's blockchain platform in Asia. For developers anticipating significant peak-hour resource demands. Approximately 2 million transactions are processed daily by Avalanche, which currently hosts over 1,200 validators.

 

Alicloud’s infrastructure technology and intelligence tools provide greater access to computing, storage, and distribution resources for anyone to spin up a node on Avalanche, further boosting the decentralization of the network,” Avalanche said in a tweet.

 

Avalanche developers were offered credit toward Alibaba Cloud's services as part of the integration. Among the 1,000 projects Avalanche powers are Aave, Curve, BENQi, Sushi and Chainlink DeFi ecosystems. 

 

Alibaba Cloud was launched in 2009 and now operates in 28 countries across Asia-Pacific (APAC). It ranks third globally after Google Cloud and Amazon Web Services (AWS). It offers a comprehensive range of cloud computing services to clients worldwide, including elastic computing, network virtualization, databases, storage, administration, large-scale computing, security, and applications. 

 

The Avalanche ecosystem has seen a rapid organic growth rate since its launch in September 2020. Using its cutting-edge scaling technology and near-instantaneous transaction finality, corporates and individuals can create unique blockchains as a service. 

 

With this merger, users all over the world will be able to enjoy seamless validation processes that are available on the Avalanche network while taking advantage of the synergy between these two giant firms' technology services. 

 


likes | comments 0

Profile Image

Pavan A

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.