TRON Confirms Rumours, Announces Partnership with Search Engine Giant Baidu

TRON, a decentralized Internet project, confirmed rumors via an official tweet that it is joining forces with China’s largest search engine Baidu to cooperate on cloud computing resources.

The tweet that was posted by the TRON Foundation this Wednesday and was retweeted by its CEO confirms the rumors that have been circulating since mid-October. However, the first rumor to reveal that the partnership will revolve around cloud service provision popped up this week from Chinese news source ODaily.

In its tweet posted Thursday, the TRON Foundation stated:

#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX pic.twitter.com/v39Zm7zMc4

— TRON Foundation (@Tronfoundation) 18 October 2018

The report from ODaily stated that Baidu Cloud and TRON closed a “basic cloud business” deal where both parties would aim to “to build, operate and debug blockchain products” based on Baidu Cloud.

The tweet from TRON infers that the company may be working towards offering Blockchain As A Service (Baas), a service where customers can Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term cloud-based solutions to create and use their own blockchain apps, smart contracts, and other functions.

CEO of TRON Sparks Rumors

The rumors leading up to Thursday’s announcement were sparked by a tweet on October 12, 2018, from its CEO Justin Sun, who hinted at a “partnership” with an unnamed “industry giant” that is valued at “tens of billions of dollars.”

However, not everyone is impressed with the deal. Linking to the ODaily source from October 15, 2018, well-known Twitter cryptocurrency commentator Ari Paul tweeted: “Assuming the below is accurate, this deserves to be called out as misleading marketing. If I buy a computer with Microsoft Windows installed, I should not claim to have partnered with Microsoft without clarifying the limited nature of the ‘partnership.”