Tron recently spread an official light on the recent talks about the upcoming major partnership for the company. According to the official message released by Tron Foundation, the company finally confirmed the partner’s name. It stated that the company will make the expected major partnership with Chinese largest internet services provider company, Baidu.
The official message by the company stated: “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”.
Earlier, on October 12, the co-founder and CEO of Tron, Justin Sun released a teaser on the upcoming important partnership for the company. Since then many supposed that Tron will be establishing the new cooperation with the Chinese internet search engine Baidu. Meanwhile the sides had not released any official statements confirming the name of the partner till now.
Content of the Partnership
The sides also provided a brief overview on the actual content of the important partnership. According to the official message, “Baidu Cloud service is cooperating with Tron’s Wave Field technology in basic cloud business field. Therefore, the Wave Field Tron will be built on Baidu Cloud. Both the parties have not reached any partnership on a business level. The current partnership will be only focusing on the sale and the purchase of basic cloud computing resources”.
This is a very important partnership for Tron. A loud partnership with such a major Internet services provider company can be more than significant for the value of the company. This was visible already after Sun had released the teaser on the major partnership. Back then the value of TRX saw positive developments. As the partnership develops and shows the results of the new cooperation, we expect even more interesting developments for the company.