15 January,2018 Beijing—As blockchain fever is getting hotter in China, Chinese internet behemoth Baidu rides on this mania with a new product—-a Blockchain-as-a-service (BaaS) platform.
According to Baidu Finance, this recently-unveiled open platform, known as Baidu Trust, has been in operation since July 21, 2017, and already supported over 50 billion yuan of assets. However, no major projects have been announced for this platform so far.
Based on the firm’s internal development, Baidu Trust sets out to provide “user-friendly” blockchain service. It’s suitable to multiple use cases, including payment and settlement, digital billing, bank credit management, insurance management ,financial auditing, and more.
Baidu claims that this blockchain-based cloud computing platform has been successfully applied to the tasks of asset securitization and asset exchanges. The firm has also contributed to the first asset-backed securities exchange products using blockchain technology in China.
China’s google has been tapping into the Blockchain World since 2015 and in June 2016, it showed its keen interest in blockchain startups by investing $60 million in Circle Internet Financial, a bitcoin-based payment solution provider.
http://news.8btc.com/search-titan-baidu-unveils-its-blockchain-as-a-service-platform-as-chinas-blockchain-fever-gets-hotter
