Baidu follow the trend of blockchain layout? Official Response: last July it is on the line

With the “blockchain” hot, Baidu’s “blockchain” platform has also been exposed.

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January 12, it is reported that Baidu launched a blockchain open platform “BaaS”, URL is chain.baidu.com. Baidu Finance responded by saying that the platform was launched on July 21 last year and has now supported the authenticity of over 50 billion yuan of assets.

Public information shows that Baidu “BaaS” is a commercial-level blockchain cloud computing platform, which belongs to the project based on this cool technology researched by Baidu and mainly helps enterprises to build their own blockchain network platform. Has been successfully applied to asset securitization, asset exchange and other business, and contributed to the first use of this cool technology exchange asset securitization products.

As early as 2015, Baidu began to layout this trend, explore the blockchain in the field of finance and set up a team.

In June 2016, Baidu invested in Circle, a global cool technology payment company based in the United States, which is a consumer financial startup that provides digital currency storage and national currency exchange services, using Bitcoin as a technology enabler Improve consumer payment methods.

May 16, 2017, Baidu Finance and Bai Qian Leasing, Huaneng Trust, etc., the joint release of blockchain technology support ABS project, the issue size reached 424 million yuan. In this project, this cool technology mainly uses decentralized storage, asymmetric key and consensus algorithm, which have the characteristics of deintermediation trust, anti-tampering and transaction tracing. In the case of a limited number of financial institutions involved in the node, to retain the technical characteristics of the trend, Baidu Finance also made an adaptive transformation of the trendy tech.

Subsequently, in September 2017, the “Baidu-Chang’an Freshmen-Tianfeng 2017 First Asset Support Program” was issued on the Shanghai Stock Exchange with a total amount of 400 million yuan to be issued, the first application of this cool technology in China Exchange ABS, that is, public offer ABS. Among them, Baidu Financial’s Xi’an Bai Jin Internet Financial Assets Exchange Center Co., Ltd. as a technical service providers and trading arrangements.

In October of the same year, Baidu Finance officially joined the Open Foundation under the Linux Foundation as a source of revenue for Hyperledger, becoming the second largest shareholder of Actel, Airbus, American Express, the Chicago Mercantile Exchange Group, Daimler, the United States Securities Depository and Clearing Corporation, Fujitsu, Hitachi, IBM, Intel, JP Morgan Chase and other financial, medical, Internet of things and aviation giants after another core members of the project board. Baidu Finance vigorously build and improve this cool technology platform, but also hope to further promote the global trendy technology open source norms and standards.

Blockchain in order to successfully landing, applied to more scenes will take a long time.

Zhang Xuyang, vice president of Baidu, once joined the “Super Book”, said:

“Research and exploration in the area of ​​this trendy technology is a long-term strategic investment, and after joining Hyperledger, we look forward to working with other members to drive the evolution of blockchain technology solutions and the development of a global open source technology for blockchain.” At the same time, we also hope to use Baidu’s powerful technology scenario advantages to empower Baidu’s financial and consumer ecology. While continuing to accelerate the application of this cool technology, we will also export the technology solutions for blockchain to more partners to achieve win-win cooperation.

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