TRON will partner with Baidu
One blockchain startup has the purpose of decentralizing the internet, and it is shaking hands with the most prominent player in the field. Does this matter at all? In its latest tweet, the TRON Foundation has revealed that it is going to be working closely with Baidu, which is a China-based internet giant, to use their cloud solutions. Far from what looks like an official and detailed press release, the announcement confirmed to the 12th of October teaser of TRON in which it admitted partnering with a giant whose valuation was worth billions of dollars.
However, for many who responded after the name of Baidu came to the limelight, the TRON partnership with the internet giant has been no less an equivalent of, as the tweet said, the collaboration of a sleeper with his pillow.
TRON also stylized its tweet in order to create a right balance of hype, as well as information. Readers may get mistaken from the first look that TRON is working as an equal – a blockchain innovation – with Baidu, maybe on a decentralized cloud computing solution which the latter wants to develop and launch anytime soon.
Startup plans to build its Wave Field TRON system on Baidu Cloud
However, a more in-depth look into the jumble of a tweet could actually prove that it is easily a customer of a cloud computing service which Baidu is offering, and nothing more, nothing less for now. The blockchain startup has the purpose of building its Wave Field TRON system on Baidu Cloud – a simple one.
Furthermore, the attached image showcases in uncopiable-to-Google-Translate Chinese text that could be easily misinterpreted by the international media thanks to the fancy, as well as subtitles-like English text below. Some words such as “joining forces,” “work with […] to offer blockchain solutions,” as well as “mass adoption” end up looking like jargons in what clearly looks like a politically correct, but still misleading announcement.
When some media reached out to one of its team members in order to help them with the translation, it received the right translation, which said that Baidu Cloud service is cooperating with the Wave Field technology of TRON in basic cloud business field. Because of that, the Wave Field TRON is going to be built on Baidu Cloud.
There is still no partnership on the business level
Both of the parties have not reached any collaboration on a business level yet, but the current partnership is going to only focus on the sale and the purchase of basic cloud computing resources.
The translation continued about how Baidu develops blockchain commercialization architecture with the commercial superpartners, to carry out technology exploration, as well as revenue sharing and built a blockchain ecosystem of cooperation. In the meantime, the dots between the blockchain of TRON and the cloud computing project of Baidu were challenging to connect.
The price of TRON went up over 2% against the dollar after the CEO of TRON named Justin Sun released an announcement which went live on Twitter. It is now trendline sideways around the intraday high established near 0.0255-fiat.