1. BITBILIHome
  2. Article

NEAR Foundation and Alibaba Cloud forge powerful partnership to drive Web3 development in Asia

• 147 views

TL;DR Breakdown

  • The NEAR Foundation and Alibaba Cloud are working together to speed up the growth of Web3 in Asia and the Middle East.
  • The partnership will give NEAR access to the developer community of Alibaba Cloud.
  • Customers can also use the NEAR BOS, a platform coders can build and talk to other users while using Alibaba Cloud’s infrastructure.

Description

The NEAR Foundation and Alibaba Cloud have formed a strategic relationship to collaborate and speed up the development of dApps and blockchain technology, marking a significant milestone for the Web3 ecosystem in Asia. This partnership is a huge step forward in encouraging creativity, improving scalability, and facilitating widespread use of Web3 solutions in the area. … Read more

The NEAR Foundation and Alibaba Cloud have formed a strategic relationship to collaborate and speed up the development of dApps and blockchain technology, marking a significant milestone for the Web3 ecosystem in Asia. This partnership is a huge step forward in encouraging creativity, improving scalability, and facilitating widespread use of Web3 solutions in the area.

NEAR Foundation partners with Alibaba Cloud

The NEAR Foundation, a non-profit organization, has partnered with Alibaba Cloud to speed up the development of Web3. On Monday, the group announced its new partnership with the computer and storage division of the Chinese IT behemoth, stating that Asia and the Middle East are primary markets.

The collaboration between the NEAR Foundation and Alibaba Cloud grants the former access to the latter’s global developer community. As a result, more programmers will be interested in working with the NEAR protocol. The business has announced that new NEAR validators would be compatible with the plug-and-play infrastructure as a service offered by Alibaba Cloud. Alibaba Cloud intelligence head of worldwide Web3 solutions Raymond Xiao said:

As part of the agreement between the NEAR Foundation and Alibaba Cloud, the NEAR Foundation can use Alibaba Cloud’s developer ecosystem in the chosen countries. This will get more coders interested in building on top of the NEAR protocol. 

The company said that when new NEAR validators come out, the Alibaba Cloud plug-and-play infrastructure as a service will be available. Raymond Xiao, who is in charge of international Web3 solutions at Alibaba Cloud intelligence, stated that the partnership between the NEAR Foundation and Alibaba Cloud is important because we want to keep helping Web developers find new opportunities.

In addition, because of the new partnership between the NEAR Foundation and Alibaba Cloud, developers stand to gain in many essential ways. In addition to providing developers with a ready-to-use service infrastructure, the joint venture intends to provide remote procedure calls (RPC). User access to the RPC as a service will also be provided within the NEAR environment. Notably, a local system can make calls to remote systems via remote procedure calls.

Furthermore, the NEAR Blockchain Operating System (BOS) will be accessible via Alibaba Cloud’s platforms. The BOS has been helpful for user involvement since its release earlier this year, paving the way for users to expand upon the work of others.

There has been a major step forward in developing Web3 technology in Asia because of the collaboration between the NEAR Foundation and Alibaba Cloud. By joining forces, the two companies will be able to push the boundaries of what is possible in the distributed applications industry. This partnership will be essential in influencing the future of blockchain technology in Asia and beyond as the Web3 ecosystem develops further.

Changes in Alibaba’s executive team

In the wake of Alibaba’s announcement of a new chairman, the market learned of a relationship between Alibaba Cloud and the NEAR Foundation. After a management shakeup, Joseph Tsai was recently appointed Chairman of the Chinese IT behemoth. Tsai, a founding member of the organization, will begin his new responsibilities in September. 

The new Chairman is an advocate for cryptos and an investment in Web3. The December 2021 tweet read: “I like Crypto.” The crypto bull later deleted the tweet. He did not provide any additional information on his participation in crypto-related investments, although he did make such a declaration. Tsai participated in the investment rounds for both Polygon (February 2022) and Artifact Labs (May 2023).

A new CEO was appointed as part of Alibaba’s management shakeup. Jack Ma stepped aside as CEO, and his successor, Daniel Zhang, announced that co-founder Eddie Wu would be taking over. The company’s current chief executive wrote in a memo to employees that more attention should be paid to Alibaba’s cloud operations. In light of recent developments in artificial intelligence technology, he highlighted the crucial role that cloud computing plays in the technological landscape.

The advancement of fundamental technologies like cloud computing, big data, and artificial intelligence is of critical strategic importance, as is widely known.

Meanwhile, Alibaba said in March that it would be dividing itself into six distinct businesses.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:NEAR Foundation and Alibaba Cloud forge powerful partnership to drive Web3 development in Asia

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月28日 16:10
Next 2023年6月28日 20:01

Related articles

  • US crypto tax plan will have decentralized exchanges trapped

    Description The crypto world finds itself on the edge as the U.S. Treasury Department unravels its definition of a “broker” in the sphere. This newly released framework stands as a potential barricade for decentralized finance platforms. While the move attempts to bring clarity to the murky waters of crypto tax regulations, it also hints at the … Read more The crypto world finds itself on the edge as the U.S. Treasury Department unravels its definition of a “broker” in the sphere. This newly released framework stands as a potential barricade for decentralized finance platforms. While the move attempts to bring clarity to the murky waters of crypto tax regulations, it also hints at the inherent challenges decentralized exchanges (DEXs) might face. A Dive into the New Provisions Centralized crypto exchanges, some hosted wallet providers, and even a few decentralized platforms now find themselves tethered to tax reporting mandates. Evidently, the Treasury’s approach attempts to standardize reporting across the crypto space. This is evident with the introduction of the new 1099-DA tax form, designed specifically to cater to the unique nature…

    Article 2023年8月26日

  • From murders to fraud: Venom Network’s owner exposed

    Description The United Arab Emirates is well-renowned for its penchant for grand and large-scale blockchain projects. As of June 22, 2023, there are nearly eight hundred cryptocurrency-related companies headquartered there. However, there is a dark underbelly hiding beneath the glossy veneer of this vibrant nation’s blockchain scene. In an exclusive investigation shared by sources who preferred … Read more The United Arab Emirates is well-renowned for its penchant for grand and large-scale blockchain projects. As of June 22, 2023, there are nearly eight hundred cryptocurrency-related companies headquartered there. However, there is a dark underbelly hiding beneath the glossy veneer of this vibrant nation’s blockchain scene. In an exclusive investigation shared by sources who preferred to be anonymous, Cryptopolitan has unearthed the alarming reality behind the UAE’s largest cryptocurrency venture, the Venom Network. Contents hide 1 Behind the scenes of the Venom Network 2 Unmasking the mastermind 3 A twisted trail of deceit 4 The mirage of the Venom Network 5 Is blockchain a double-edged sword? Behind the scenes of the Venom Network Promoted as a high-performance, scalable blockchain solution, Venom…

    Article 2023年6月28日

  • Crypto giant Ripple safeguards Fortress Trust amid security breach

    TL;DR Breakdown Ripple’s swift response prevented client fund losses in the Fortress Trust security incident. A third-party vendor’s cloud tool compromise led to the vulnerability at Fortress Trust. Fortress Trust confirmed that impacted wallets were fully restored without significant losses. Description In a swift and decisive move, leading crypto payments business Ripple (XRP) has stepped in to mitigate the fallout from a recent security incident that left clients of Fortress Trust in a state of vulnerability. The incident, which Fortress attributed to a compromised third-party vendor’s cloud tool, initially raised concerns about the safety of client … Read more In a swift and decisive move, leading crypto payments business Ripple (XRP) has stepped in to mitigate the fallout from a recent security incident that left clients of Fortress Trust in a state of vulnerability. The incident, which Fortress attributed to a compromised third-party vendor’s cloud tool, initially raised concerns about the safety of client funds. However, thanks to Ripple‘s quick response, no funds were lost. Just a few days ago, Fortress Trust sounded the alarm regarding a critical exploit affecting…

    Article 2023年9月13日

  • US Judge grants SEC permission to seek South Korea’s assistance in Terraform Labs case

    TL;DR Breakdown A U.S. judge approved the SEC’s request to question Terraform Labs’ co-founder Daniel Shin in South Korea, part of the case involving the $40 billion crypto  loss. The inquiry will examine Chai Corp.’s payments, Terraform’s blockchain use, and allegations of fraudulent cryptocurrencies and deceptive transactions. Description U.S. District Judge Jed Rakoff has granted the Securities and Exchange Commission (SEC) to engage the South Korean government’s cooperation in questioning Daniel Shin, the co-founder of Terraform Labs, and in gathering evidence from Chai Corp., a payments company.  This decision marks a significant development in the SEC’s case against Terraform Labs and its ex-CEO, … Read more U.S. District Judge Jed Rakoff has granted the Securities and Exchange Commission (SEC) to engage the South Korean government’s cooperation in questioning Daniel Shin, the co-founder of Terraform Labs, and in gathering evidence from Chai Corp., a payments company.  This decision marks a significant development in the SEC’s case against Terraform Labs and its ex-CEO, Do Kwon, concerning an alleged illicit scheme that led to the loss of about $40 billion in cryptocurrency value….

    Article 2023年8月19日

  • AI vs. human minds: Study uncovers alarming trust in AI-generated lies

    TL;DR Breakdown According to research, an AI-written piece of disinformation could have more of an impact on the general public. Respondents in the survey could not differentiate between tweets sent by GPT-3 and those generated by humans. In addition, the majority of respondents thought the AI-generated tweets were more credible. Description A study found that when AI language models write tweets, people regard them to be more credible. At least, that’s how it looked in a recent research contrasting language produced by OpenAI’s GPT-3 model with content written by people. Scientists polled people in the newest investigation to see if they could distinguish if a tweet … Read more A study found that when AI language models write tweets, people regard them to be more credible. At least, that’s how it looked in a recent research contrasting language produced by OpenAI’s GPT-3 model with content written by people. Scientists polled people in the newest investigation to see if they could distinguish if a tweet were posted by a human or GPT-3. How so? Nobody could do it. Participants were also…

    Article 2023年7月2日
TOP