April 2018: Huawei unveiled its new BaaS solution called Blockchain Service, based on Hyperledger Fabric 1.0 from the Linux Foundation. The solution is designed to help companies develop smart contracts targeting supply chain, securitized assets and public services on top of a distributed ledger network.
Blockchain technology is emerging as an optimal solution to many of the challenges SMEs face, such as access to trade finance, bank loans and cash flow problems, among others.
As such, these potential benefits of blockchain for SMEs will provide a significant boost to the growth of the BaaS market in the coming years.
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