- Tron’s (TRX) “partnership” is all about the purchase of cloud computing space and not blockchain.
- The arrangement between TRON and Baidu is not a partnership but a client-customer relationship.
“Sun Sets” on TRX – Baidu Partnership
The speculation surrounding last week’s announcement by TRON (TRX) CEO Justin Sun about securing a partnership with an industry giant worth tens of millions of USD can now be put aside. It is emerging that the mysterious partner is Baidu and there is nothing to suggest that blockchain has anything to do with it.
An article appearing in the latest edition of a Beijing news outlet Odaily has clearly stated that the “partnership” is all about the purchase of cloud computing space, something that even the smallest business or blog can do. A translation of the press release read in part:
“Wave Field TRON will build compatibility with Baidu Cloud to build, operate and debug blockchain products to optimize compatibility and optimize the development experience […] at present; the cooperation mainly focuses on the purchase and use of [Baidu’s] basic cloud computing resources.”
On October 12, 2018, the founder of Tron (TRX) made a sensational announcement stating that his company had partnered with a company whose net worth is tens of billions of dollars. Following the announcement, the price of TRX surged 9 percent with rumors that the potential partner was likely to be China’s Google Baidu.
A Substantial Partnership Still a Possibility
Looking at the revelation critically, it may appear like the arrangement that exists between TRON and Baidu is not a partnership but a mere client-customer relationship. However, there are chances that a partnership program could come in the future, since Baidu has plans to launch a cloud-blockchain partner program. The statement added:
“The Baidu Cloud Blockchain has plans to release the Blockchain Commercialization Super Partner Program 1.0, […] built on the ABC+Blockchain technology stack and Baidu’s super-chain advanced architecture.”
Justin Sun, who has been accused in the past for over-hyping projects and announcements, has said nothing about the said partnership after the highly publicized tweet. There was speculation it could have been First Data (FDC), the financial services provider that owns clover, the leading developer of point-of-sale terminals for small businesses.
Leading crypto-industry gurus have taken to social media to express their disappointment with the emerging details about the so-called partnership. Ari Paul tweeted to say:
“Assuming the below is accurate, this deserves to be called out as misleading marketing. If I buy a computer with Microsoft Windows installed, I should not claim to have partnered with Microsoft without clarifying the limited nature of the ‘partnership.’”