Industry

Baidu Blockchain Lab Publishes its First White Paper on Blockchain

Sep 27, 2018, 13:33pm2018/09/27 13:34:17 Carol Yin

Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Blockchain Lab, along with the Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Search Engine and the Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Institute of Marketing, released its first ever blockchain white paper, titled “Baidu Blockchain White Paper V1.0”. The document focused on XuperChain, Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s proprietary blockchain network, and the commercial applications of Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s blockchain technology.

SEE ALSO: China Academy of Information and Communication Technology Releases Blockchain White Paper

The 48-page report is divided into four chapters: blockchain development, the overall structure of Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s work on blockchain, the company’s commercial blockchain solutions, and the industry applications of Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s blockchain technology.

Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> has been focusing heavily on the development of blockchain technology in 2018, with most of the work done through the Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Blockchain Lab founded earlier this year. Since then, Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> has introduced XuperChain (the company’s own blockchain network), launched Totem—a blockchain-based stock photo service and the first application developed using XuperChain, and added blockchain functions to its online encyclopedia Baidu Baike.

The document also detailed Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s commercial plans for its blockchain technology. Along with Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Cloud, Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Blockchain Lab has created a whole suite of blockchain-as-a-service (BaaS) solutions tailored towards enterprises and governmental organizations. Baas is a new blockchain-based cloud service that can help users set up their own blockchain networks quickly. It can drastically lower the cost of developing, operating, and maintaining these networks.

Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s commercial blockchain solutions will be applied to six key areas, such as finance at its financial arm Duxiaoman, AI Internet of things, gaming, and copyright protection and so on. Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> has already begun experimenting with the application of its blockchain technology in the areas of content copyright, information security, digital advertising and more.

For more information on Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s blockchain ambitions, click here to access the full document of “Baidu<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Blockchain White Paper V1.0” in simplified Chinese.