Blockchain

Chinese Tech Giant Baidu Issues ‘Super Chain’ White Paper

Baidu

Baidu, Chinese search engine and web services company has issued the Baidu Blockchain White Paper V1.0 on Wednesday, 26th September which elaborates the creation of a ‘Super Chain’ network system.

Baidu Blockchain Lab launched the blockchain white paper focusing on ‘the independent development of the ‘Super Chain’ network system.’ The paper focuses on the idea of exploiting the Baidu cloud blockchain blockchain-as-a-service (BaaS) platform besides having its six applications run on the Super Chain; Totem, Degree Universe, Treasure Chest, Baidu Association, Hubert, Encyclopedia Online.

Based on the white paper, Baidu’s Super Chain is more effective than a traditional blockchain where it performs with a higher degree of hardware utilization. With this, Baidu Super Chain nodes utilize multi-core parallel computing in order to increase CPU utilization and increase throughput.

On the technicality front, the Super Chain is a stereo network that assists parallel sidechains. There is a root chain that manages parallel chains with certain operating guidelines of the entire network to assist data to exchange with each chain in place.

The Super Chain operates in such a way where it is dubbed a “pluggable consensus mechanism.” Across the entire network, the Super Chain let different parallel chains select their own consensus mechanisms. It also assists consensus escalation through a voting mechanism in place.

Additionally, the white paper comments that Baidu will actively focus on applying the technology in certain sectors namely, new retail, food safety, new manufacturing, product quality, supply chain finance, travel, tourism, intellectual property and trading, and social networking.

Further speaking to the matter, Modular services with the Baidu Super Chain will contain scenarios in digital rights, certification, supply chain finance, clearing and settlement, digital assets, and games.

Besides this, in June this year, the internet search giant disclosed its Super Chain protocol in the reference of reducing energy consumption in cryptocurrency mining operations.

About the author

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Shalin Soni

Shalin joined CryptoNewsZ as Associate Finance (Cryptocurrency Research & Analysis) in 2018 and has 10 years of collective experience to work on financial modeling and financial planning & analysis activities (fp&a) domains. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a.
You can also mail him at [email protected] to discuss anything related to his reports.

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