HUAWEI CLOUD and COBO Forge Pioneering Pathways for Blockchain Advancement in Asia August 18, 2023 August 18, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsAugust 18, 2023 by Kelly Cromley

HUAWEI CLOUD and COBO Forge Pioneering Pathways for Blockchain Advancement in Asia

HUAWEI CLOUD, the prominent cloud service brand under technology behemoth Huawei, has officially declared the signing of a Memorandum of Understanding (MoU) with COBO, a globally recognized leader in digital asset custody solutions. This announcement came to light during an exclusive closed-door event, highlighting the strategic partnership’s significance and its role in propelling the adoption and evolution of blockchain technology within the Asian landscape.

HUAWEI CLOUD and COBO Unite to Fuel Blockchain Technology in Asia

The collaboration between HUAWEI CLOUD and COBO is poised to be a pivotal landmark in their shared vision of hastening the progress of blockchain technology in Asia. HUAWEI, renowned for its extensive spectrum of cloud-based solutions, joins forces with COBO, celebrated for its cutting-edge digital asset custody technologies, to establish a robust and secure wallet infrastructure – an essential pillar of the Web 3.0 architecture.

Strategic Partnership to Propel Blockchain Innovation and Secure Infrastructure

Pooling their respective proficiencies and expansive networks, HUAWEI CLOUD and COBO are set to embark on a series of concerted initiatives aimed at nurturing innovation, fostering cross-industry cooperation, and contributing to the overall maturation and expansion of the blockchain ecosystem.

As a prominent player in cloud services, HUAWEI CLOUD capitalizes on Huawei’s three-decade-long repository of expertise in ICT infrastructure products and solutions. This year, the cloud service provider unveiled its comprehensive strategy, aptly termed “everything as a service.” This encompassing strategy encompasses Infrastructure-as-a-Service, Technology-as-a-Service, and Expertise-as-a-Service, aimed at endowing customers with access to cutting-edge innovations in cloud services, data management, artificial intelligence, and more.

In parallel, COBO stands as a globally acknowledged trailblazer in digital asset custody solutions. The platform stands as the world’s first omni-custody platform, offering a comprehensive suite of solutions, ranging from complete custody services to co-managed MPC custody, fully decentralized custody, wallet-as-a-service provisions, advanced DeFi investment tools, and an off-exchange settlement network.

The strategic alliance of HUAWEI CLOUD and COBO comes as a response to the growing demand for advanced blockchain technology solutions in Asia. As the landscape continues to evolve, the combined strengths of these entities are poised to shape the trajectory of this dynamic industry.

With a shared commitment to driving innovation, HUAWEI CLOUD and COBO plan to coalesce their strengths and foster a culture of collaborative exploration within the blockchain realm. This strategic partnership underscores their dedication to raising the standards of security, efficiency, and accessibility within the blockchain arena.

As the Web3.0 vision gains momentum, the strategic amalgamation of HUAWEI CLOUD’s cloud-centric prowess and COBO’s pioneering custody technologies heralds a new era of blockchain advancement. Together, they endeavor to redefine the contours of the digital landscape and steer the industry toward new horizons of possibility.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.