Chinese Search Engine Giant Baidu Releases Super Chain Blockchain White Paper
Baidu, the “Google” of China just released Baidu Blockchain White Paper V1.0 which describes the development of a “Super Chain” network system.
Baidu Blockchain Lab released the blockchain white paper concentrated on “the independent development of the ‘Super Chain’ network system.” The paper introduces the idea of commercializing the Baidu cloud blockchain blockchain-as-a-service (BaaS) platform in addition to six applications based on the Super Chain; Totem, Degree Universe, Baidu Association, Treasure Chest, Encyclopedia Online, and Hubert.
As explained in the white paper, the superchain is a blockchain stereo network that supports parallel and sidechains. In the super-chain, there is a Root chain. The root chain manages parallel chains, and the operating parameters of the entire network, supporting data exchange with each chain. The superchain is called in its stereo network, and the parallel chain created by the developer on the root chain can be either an open chain or a federated chain.
The super-chain calls its own consensus mechanism as a “pluggable consensus mechanism”. Particularly, in its network, the superchain allows different parallel chains to adopt their own consensus mechanisms, and also supports consensus intensification at any time through a voting mechanism.
The superposition of multiple technologies makes the super-chain single-chain performance exceed tens of thousands, and at the same time allows the super-chain to manage a large number of parallel chains to achieve overall network performance flexibility. While computing power and storage are released, in-chain parallel technology and stereo network technology maximize blockchain performance. In addition, the white paper mentions that the Super Chain App will be launched, and users can use the DApp through the Super Chain App Portal.
The firm says that Baidu will focus on applying the technology in food safety, product quality, new retail, new manufacturing, supply chain finance, intellectual property and trading, travel, tourism, and social networking.
Noticeably, in June, the internet search giant revealed its Super Chain protocol in the context of reducing energy consumption in cryptocurrency mining operations. However, it seems to have diversified since then.