Baidu, the Chinese search engine and web services company just released their Baidu Blockchain White Paper V1.0 on September 26.
The white paper outlines the development of a “Super Chain” network system.
Baidu Blockchain Lab released their blockchain white paper focusing on “the independent development of the ‘Super Chain’ network system.”
The Super Chain
The paper aims to help commercialize the Baidu cloud blockchain-as-a-service (BaaS) platform along with six applications that are based on the Super Chain. This includes Totem, Baidu Association, Degree Universe, Treasure Chest, Hubert, and Encyclopedia Online.
The white paper indicates how Baidu’s Super Chain is more efficient than conventional blockchains. The former performs better with a higher degree of hardware utilization.
Additionally, the company states that the Super Chain nodes “use multi-core parallel computing to maximize CPU utilization and increase throughput.”
Moreover, the Super Chain is a stereo network which will support parallel sidechains.
There will be a root chain that will manage the parallel chains and the operating guidelines of the entire network. This will support the exchange of data with each chain.
The Super Chain will operate on a “pluggable consensus mechanism.” It will allow the various parallel chains to select their own consensus mechanisms within the network.
Further uses of Baidu
Moreover, the network will use a voting mechanism to support consensus escalation.
According to the white paper, the company will focus on using the technology in several sectors. These include food safety, new retail, product quality, new manufacturing, IP, supply chain finance, and travel, trading, tourism, and social networking.
Additionally, the Baidu Super Chain will have modular services. This will include scenarios in certification, clearing and settlement, digital rights, supply chain finance, games, and digital assets.
Furthermore, the internet search behemoth announced its Super Chain protocol in June. This aims to reduce energy consumption in crypto mining operations.
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