ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Friday Oct 19th 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

‘China’s Google’ Baidu Has Premiered A Blockchain-As-A-Service Platform

By

Adam

Reese

WriterETHNews.com

Baidu, the Chinese search engine that often draws comparisons to Google, has launched a blockchain-as-a-service platform.

On January 12, it was announced that one of China's leading websites in terms of traffic, the search engine Baidu, launched a blockchain-as-a-service (BaaS) platform called Baidu Trust. According to Baidu Financial, the BaaS, or at least a pilot version of it, has been operational since July 21, 2017.

A website for the newly released technology describes it, according to a translation, as a "self-developed project" that can be used for:

"Efficient and low cost traceability and trading, ideal for digital currency, payment and settlement, digital ticketing, bank credit management, equity proof and exchange-traded securities, insurance management, financial auditing and more."

Baidu says the product has already been applied to the tasks of "asset securitization and asset exchange … and has contributed to the first asset-backed securities exchange products using blockchain technology in China."

The company touts its customizability, which it says will make the platform suitable to a wide range of use cases.

Baidu has also conducted research into blockchain technology's utility in the fields of unmanned vehicles, AI, IoT, and distributed computing.

The firm has apparently been exploring blockchain technology's FinTech applications since 2015, and in 2013 it announced that it would be accepting the cryptocurrency bitcoin as the sole means of payment from customers of its security service Jiasule.

In October 2017, Baidu Financial joined the Hyperledger project, which explores a variety of distributed ledger technology use cases.

Tencent, another Chinese internet giant, has likewise been developing a BaaS platform, called TrustSQL.

Adam Reese

Adam Reese is a Los Angeles-based writer interested in technology, domestic and international politics, social issues, infrastructure and the arts. Adam holds value in Ether, Bitcoin, and Monero.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Baidu, Google or other Ethereum technology news.