Market Cap:
$276.6B
BTC Dominance:
56.31%
btc:
$8774.00
eth:
$267.76
xrp:
$0.41
Advertise
Cryptocurrency

Baidu Super Chain Whitepaper Reveals Real Blockchain Application

Kristina Frunze | Sep. 27, 2018
Baidu Super Chain Whitepaper Reveals Real Blockchain Application

Baidu Super Chain whitepaper details the idea of commercializing the Blockchain-as-a-service (BaaS) platform of the search engine giant. The company states that Super Chain nodes “use multi-core parallel computing to maximize CPU utilization and increase throughput.”

27 September 2018 – Chinese search engine and web services company Baidu has introduced the Baidu Blockchain White Paper V1.0 on Wednesday. The paper outlined the development of a “Super Chain” network system.

Baidu Blockchain Lab Introduces Super Chain

Baidu Blockchain Lab introduced the Blockchain white paper that is focused on “the independent development of the “Super Chain” network system.” The paper further describes the idea of commercializing the Baidu Blockchain-as-a-service (BaaS) platform in addition to six applications that are driven by the Super Chain. These include Totem, Degree Universe, Baidu Association, Treasure Chest, Encyclopedia Online, and Hubert.

As per the white paper, Baidu’s Super Chain is more efficient when compared to a traditional Blockchain in that it performs a higher degree of hardware utilization. The company states that Super Chain nodes “use multi-core parallel computing to maximize CPU utilization and increase throughput.”

Following on this, the Super Chain is a stereo network that supports parallel sidechains. Specifically, there is a root chain, which manages parallel chains and the operational guidelines of the entire network. The latter is supporting the exchange with each chain.

How will Super Chain be used?

The Super Chain operates on what is called a “pluggable consensus mechanism.” Within this network, the Super Chain enables different parallel chains to choose their own consensus mechanisms. It also supports consensus growth via a voting mechanism. 

The white paper outlines that Baidu will concentrate on applying the technology in food safety, new retail, product quality, new manufacturing, and intellectual property and trading. The company will also apply the technology in such areas, as supply chain finance, travel, tourism, and social networking. 

Modular services with the Baidu Super Chain will comprise scenarios in digital rights, certification, supply chain finance, games, clearing and settlement, and digital assets. 

Earlier this June, the internet search giant informed the public about its Super Chain protocol in the context of decreasing energy consumption in cryptocurrency mining operations.

Think we missed something? Let us know in the comments section below. 

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.