News

Tron Partnership with Baidu Confirmed

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.

Rishabh

Rishabh Bose is a partner & news writer at Blockmanity. He is a productivity engine and has been a cryptocurrency & blockchain consultant since early 2018.

Share
Published by
Rishabh

Recent Posts

Alibaba and JPMorgan to Revolutionize B2B Commerce with Tokenized Dollar and Euro Payments

A New Era for Global Trade: Alibaba Taps JPMorgan's Blockchain Global commerce has long been…

5 days ago

Vitalik Buterin’s Warning: Why Your Favorite Web3 App Isn’t Real Crypto

The Promise of Web3 Meets a Centralized Reality Web3 was built on a revolutionary promise:…

5 days ago

Bitcoin Dips Below $95K: Is the Bull Market Over or a Brief Reset?

Bitcoin's Sudden Plunge Shakes the Crypto Market The cryptocurrency market is awash in red after…

5 days ago

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 year ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

1 year ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

1 year ago