Baidu offers XuperChain blockchain network to industries in Hainan province
Fri, 22 Feb 2019, 09:10 am UTC
Chinese search engine giant Baidu has announced that it is working with Hainan province to widen the adoption of blockchain technology.
As a part of this initiative, Baidu is offering its blockchain technology, XuperChain, to a number of industries. The company claimed that XuperChain currently processes more than 55,000 transactions per second – which is much higher than the industry average.
“XuperChain helps multiple parties execute transactions without the need for a trusted, central authority, addressing challenges commonly faced in information security, copyright verification, supply chain financing, online trading and other areas,” it said.
Baidu established a blockchain subsidiary, called Dulian Internet Technology, in Hainan province in August 2018, Technode reported.
In another project, Baidu is working with the Beijing Internet Court to develop an electronic-evidence platform using XuperChain. More than 93 million patents have been stored and protected on XuperChain's copyright protection system, as of December 2018, the release said.
Baidu released its white paper for XuperChain network in September 2018. Tan Bai, chief architect of Baidu and director of the Blockchain Lab, said at the time (as translated by CoinDesk from Cnchan.com):
“We will further promote the open source and openness of the XuperChain in the future, and provide the XuperChain as an infrastructure to all developers … We look forward to working with the industry to build a trusted ecosystem of blockchains.”
More recently, Baidu launched Baidu Blockchain Engine (BBE), which would enable developers to develop distributed applications (DApp).
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