Blockchain-as-a-Service Platform by Baidu

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Blockchain-as-a-Service Platform by Baidu

BaaS(Blockchain-as-a-service) from the Chinese Google – Baidu, built on the technology developed by the company, aims to give its users the most “user-friendly” blockchain service, which was entitled as“Baidu Trust”.

Baidu Trust will be carrying out and monitoring transactions and can be used in different areas, including digital currencies, digital billing, credit management, financial audit, insurance management, etc.

Baidu commented on the technology usage. It has been already successfully tested in asset securitization and exchange. Moreover, it’s considered to be the “first asset-backed securities exchange products using blockchain technology in China.”

Don’t forget, that in October, 2017 the Baidu company has joined to Hyperledger blockchain consortium. IT giant received the status of the premier-participant.


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