- Tron Foundation confirms the partnership with Baidu but price action lags.
- The two entities will strive to improve blockchain solutions using cloud computing tools and resources.
Tron has been dangling a secret partnership since last week. The price surged briefly as the community speculated the identity of the secret partnership. However, the bear pressure in the market took the token back to trading slightly below $0.021. Another upside movement broke out towards the end of last week and supported by the widespread bullish trend on Monday. Tron (TRX) upside ground to a halt marginally above $0.026. The $1.6 billion crypto is up 1.25% in the last 24 hours while the 24-hour trading volume stands at $110 million.
The Tron Foundation has today cleared the air regarding the new partnership deal with Chinese Google, Baidu. Baidu is the largest internet-service provide in China and together the two entities will strive to improve blockchain solutions using cloud computing tools and resources. Tron has a vision to have a decentralized internet for users around the globe and this partnership gives it a kick towards realizing its goals. The tweet by Tron Foundation 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. $TRX”
Tron Founder, Justin Sun echoed the same in a Twitter message to his followers further cementing the collaboration. However, other reports reckon that the two giant companies will not be working directly on blockchain technology but they will take advantage of the cloud computing resources to better build products that will work on blockchain. Significantly, the internet giant, Baidu expects to benefit from this partnership using the Blockchain Commercialization Super Partner Program 1.0.
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