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Alibaba Cloud Partners With Elastos to Spur Adoption of Open-Source Tech

Alibaba Cloud has announced a partnership with Elastos, a layer one blockchain protocol, to develop decentralized web communities and accelerate the growth of blockchain technology. This is part of Alibaba Cloud's broader Web3 strategy, which includes cloud-native blockchain development, serverless services, and private key and smart contract management tools. The partnership will focus on Decentralized Identifiers (DIDs) and enable Alibaba Cloud to offer its 2.3 million customers one-click deployment solutions, while Elastos devs will be able to leverage Alibaba. The two entities will also work on developing "one-click tools" to enable users to launch validator nodes on Elastos' blockchain platform.

(By Chayanika Deka)

Web3
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