Sources suggest Justin Sun’s big partnership of Tron (TRX) with Baidu is of buying Basic Cloud Computing

On 12th October, Justin Sun, the founder of Tron (TRX), announced that they have partnered with a company worth tens of billions of dollars. The news of partnership immediately propelled Tron’s price by 9%. As covered by Blockmanity, the potential partner was China’s search engine giant is Baidu.

https://twitter.com/justinsuntron/status/1050721196843495426

Now cryptocurrency news site Planet Daily reports that the partnership between China’s largest Internet search provider Baidu and Tron (TRX) is not a big deal. The deal is basically of buying cloud computing resources and nothing to do with Blockchain yet.

2/ According to the ODaily: recently, Baidu Cloud and Tron have reached cooperation in the field of basic cloud business. Tron will build, operate and debug blockchain products based on Baidu Cloud in order to ensure compatibility and optimize development experience.

— cnLedger (@cnLedger) October 15, 2018

They further add that Baidu Cloud and Wave Field Tron have reached cooperation in the cloud business with Tron helping build, operate and debug blockchain products based on Baidu Cloud in order to ensure compatibility and an optimize the development experience. They reported that the two parties have not yet made an announcement on the connection at the blockchain business level. Currently, the cooperation primarily focuses on the purchase and use of (Baidu’s)basic cloud computing resources.

4/ Baidu will actively provide their blockchain solution w/ their soon-to-release blockchain commercialization super partner plan v1.0. The plan is about tech exploration and revenue sharing with their commercial 'super partners' using Baidu's 'out-of-the-box' blockchain solution

— cnLedger (@cnLedger) October 15, 2018

Along with that, Baidu Cloud Blockchain has revealed plans to release the Blockchain Commercialisation Super Partner Program 1.0, which will explore technology and revenue sharing with commercial ” superpartners ” to build a blockchain ecosystem that is mutually beneficial.

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

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.