The NEAR Foundation and Alibaba Cloud are partnering to accelerate Web3 development in Asia and the Middle East. The NEAR Foundation is the entity behind the NEAR protocol, while Alibaba Cloud is the technology and data storage arm of the Alibaba Group, a Chinese multinational company.
The two companies are working together to provide the infrastructure and tools that developers and users need to create and use Web3 applications on the NEAR protocol. Web3 applications are decentralized applications that run on blockchains, which are distributed networks of computers that store and verify data without intermediaries. The partnership will allow NEAR protocol developers to have access to Alibaba’s cloud computing services.
What is the Benefit for NEAR Protocol Developers?
This partnership will give NEAR protocol developers the option to use Alibaba’s cloud services instead of running a dedicated node. This gives them more flexibility and convenience in developing and deploying their Web3 applications on the NEAR protocol.
In theory, cloud services may offer more flexibility and scalability than dedicated nodes. Users can adjust resources and configurations according to their needs. It can also be cheaper because users only need to pay for what they use instead of worrying about the upfront and maintenance costs of owning dedicated hardware. Developers can also leverage the redundancy and backup capabilities of cloud services. Users can also take advantage of the cloud service’s security to protect their data.
What is the NEAR Protocol?
The NEAR protocol is a layer-one blockchain that is designed to host decentralized applications (dApps). It is a smart contract-capable platform and is considered to be a competition to Ethereum (ETH). The NEAR token is used to pay for transaction fees within the network. The NEAR Foundation, a non-profit based in Switzerland, is the entity behind the blockchain.
About Alibaba Cloud
Alibaba Cloud, also known as Aliyun, is a leading cloud service provider in the world. It provides a wide range of cloud computing services to businesses worldwide, such as elastic computing, database, storage, security, big data, artificial intelligence, and more. It is also a part of the Alibaba Group and has its headquarters in Singapore. The company has also partnered with AVAX earlier this year.
Source: Coindesk
Feature Image from Pixabay
