The commercialisation of Huawei Cloud’s NES is a major milestone towards the mass adoption of digital assets by institutional investors and retail traders.
Huawei Technologies Co Ltd, a Chinese multinational technology corporation that focuses on telecommunication products, has announced that the Web3 Node Engine Service (NES), a blockchain node engine platform, is now available for commercial applications. As of the official launch of the NES platform, more than eight layer one (L1) and Layer Two (L2) blockchains are supported. Some of the notable chains supported by the Huawei Cloud Web3 Node Engine Service include Ethereum (ETH), BNB Chain, Polygon (MATIC) network, and Arbitrum (ARB). Consequently, decentralised financial (DeFi) developers can build scalable and secure web3 protocols that are reliable with 99.95% uptime.
“NES abstracts away the complexities for network validators and DApp developers. You can run full nodes and staking nodes on NES for higher performance, efficiency, and rewards, without worrying about the underlying infrastructure,” the company said.
The commercialisation of Huawei Cloud’s NES is a major milestone towards the mass adoption of digital assets by institutional investors and retail traders. Furthermore, the rise in the use of artificial intelligence (AI) in blockchain technology has necessitated the implementation of vast infrastructure from the cloud computing industry. Meanwhile, Huawei is gradually adopting blockchain technology and digital assets to ensure a sustainable future.
