Search Giant Baidu Launches Blockchain-as-a-Service Platform

Baidu (Chinese web search giant) has launched its own blockchain-as-a-service (BaaS) platform, which sets out to provide the most "user-friendly" blockchain service. 

So,"Baidu Trust" allows the conducting and tracing of transactions. Additionally, the Baidu’s platform can be applied in various use cases, such as digital currency, digital billing, bank credit management, insurance management financial auditing, and so on.

Actually, blockchain technology has already been applied in asset securitization and exchange, and now this technology is used for asset-backed securities exchange products in China.

Furthermore, Tencent (a Chinese internet conglomerate) launched its own suite of blockchain services.

Tencent announced that they would use blockchain technology, which is called "TrustSQL".  TrustSQL offers digital asset management, authentication and "shared economies", and other services.

Baidu was an early adopter of Bitcoin (which uses blockchain). Furthermore, Baidu announced in October 2013 that it was accepting payment in bitcoin for its Jiasule service.

Bigdataguys consults fortune 500 companies on using blockchain technologies, artificial intelligence, & data science to enhance their operations. We’re a full-service machine learning, artificial intelligence & deep learning firm.

Contact us Bigdataguys offers blockchain consulting and bootcamps.