What problem does this service solve?

Insolar hopes to create an enterprise blockchain that will be more scalable and easier to use than current platforms.Baidu Trust is providing BaaS solutions to the Chinese market.

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Company Description

Insolar is a blockchain technology company that is developing an open source enterprise-grade blockchain platform. Their goal is to allow companies to transition their existing business processes, and data systems, to an enterprise blockchain that will create efficiencies and new revenue sources. Insolar also provides blockchain consulting services for companies in need of distributed ledger solutions. The company was originally focused on using blockchain to improve supply chains and logistics in the grocery industry, but they have since expanded their scope. Their network is currently powered by the Ethereum-based INS token.

Baidu Trust is a blockchain-as-a-service provider that was launched by the Chinese search engine giant. Baidu hopes to leverage their enormous development resources to assist customers in deploying their own blockchain platforms. Baidu's enormous clout in China immediately makes them a player in the BaaS sector.

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