What Is BCS?

Updated on 2023-08-18 GMT+08:00

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Blockchain Service (BCS) is a blockchain platform for enterprises and developers. BCS helps you quickly deploy, manage, and maintain blockchain networks, lowering the threshold for using blockchains. In this way, you can focus on the development and innovation of your own business to quickly implement business using blockchains.

Figure 1 BCS architecture
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Infrastructure
The infrastructure layer offers underlying resources required for creating a blockchain network, including resources on nodes used to compute and store data in the network.
BCS
BCS provides enhanced Hyperledger Fabric blockchain instances, which consist of user management, node management, and O&M monitoring modules. It helps you quickly create, manage, and efficiently maintain an enterprise-grade blockchain system for upper-layer applications.
- Enhanced Hyperledger Fabric instances are seamlessly integrated with Hyperledger Fabric, and are enhanced with the full-stack, trustworthy capabilities, including elastic computing, container, security, and AI services. They can meet enterprise- and finance-grade reliability, performance, and privacy requirements.
Scenarios
BCS can be used in multiple scenarios of various industries. Industry-specific applications connect to the blockchain platform to ensure data reliability and security.
Security management
Privacy isolation, consensus algorithms, and OSCCA-published cryptographic algorithms based on light nodes provide secure computing, trustworthy data sharing, and distributed identity capabilities.

Benefits of Blockchain

Higher efficiency: Builds a trusted multi-party collaboration platform to reduce disputes and improve transaction efficiency.

Reduced costs: Reduces extra costs and the participation of third parties.

Lower risks: Precludes the possibility of tampering to reduce risks of frauds and network errors.

Stronger trust: Builds up trust between transaction participants using shared ledgers, processes, and records.

Transparent audit: Audit institutions can audit the immutable ledgers at any time.

More Information

Data in a blockchain system is generated and stored in blocks, which are chained in a time sequence. Hence the term "blockchain".
All nodes in a blockchain system participate in data verification, storage, and maintenance. Consensus must be reached to create a block. Any new block is broadcast to all nodes, ensuring synchronization on the entire network. After this, it cannot be modified or deleted.

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