Earlier this week, we heard rumors around a possible partnership between Justin Sun’s Tron (TRX) and Chinese Internet Search Giant Baidu. Tron Foundation, the organization behind TRX which ranks 11th on Coinmarketcap confirmed this partnership in a tweet.
#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of#blockchain. $TRX
The Foundation stated that the partnership will look to work on blockchain solutions with the help of cloud computing resources to make blockchain Technology more accessible to users and businesses.
In an earlier post, Blockmanity mentioned the partnership to be around basic cloud computing resources which still holds true and nothing around blockchain yet. Baidu independently released a whitepaper in late September about the development of‘ ‘Super Chain’ network system with no mention of Tron.
On Oct 12, Justin Sun tweeted about this secret partnership with the unnamed “industry giant” now declared as Baidu but this deal is just Tron buying basic cloud computing resources from Baidu. To this, Ari Paul of BlockTower Capital wrote:
“Assuming the partnership 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.”
Blockmanity’s Take
The hype around this partnership built by Justin Sun was spectacular but the deal, as it turns out, has nothing to do with Blockchain development. This is misleading and Tron needs to be careful when making claims like these.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
