Prospects Of The New Baidu Blockchain Engine (BBE) To Develop A DLT OS Super Chain Network
Prospects Of The New Baidu Blockchain Engine
It is not out of place for world-renowned technology companies to delve into the cryptosphere with their own unique innovation and offerings. New crypto-bound innovations are now like a healthy competition that keeps improving existing products and services geared towards making life better. Trending on the list of this trend is the launching of the Baidu Blockchain Engine by the Chinese Tech giant Baidu.
The Baidu corporation is a pioneer and leading search engine in China, the first company to receive such license in the fast-growing tech country in the year 2000. It is one of the largest Artificial Intelligence (AI) and internet companies in the world. It's progressive and technology-driven mantra has to lead the company to launch its Baidu blockchain engine. Baidu Blockchain Engine was created by Baidu’s Cloud Division.
Features Of Baidu Blockchain Engine
The Baidu Blockchain Engine is an operating system designed to help developers in Decentralized Application DApp development. With this operating system, developers would be able to create applications in the same way that one does for smartphones.
Built on a modular framework, the BBE offers 6 major features: trusted computing environment; cross-chain interactions; high performance, scalable storage, and throughput; smart contract security auditing; and intelligent smart contracts. BBE was developed on Baidu’s concept of ‘ABC’, which comprises of artificial intelligence (AI), big data, and cloud computing.
Baidu Cloud with this new release hopes that BBE would help solve some major challenge of the current blockchain model such as high data storage costs and inefficient single-machine storage and computing bottlenecks to mention a few. Baidu cloud hopes to boost the economic value of the blockchain ecosystem.
Contributions Of Baidu In digital Currency Relevance
Baidu cloud has been at the forefront in bringing innovations to the digital currency space. In January 2018, Baidu launched Baidu Trust, a blockchain-as-a-service (BaaS) platform. In April, the company launched another blockchain platform called Totem, which is a tool to help protect photographers' work against unauthorized use and also to connect clients to stock photos. And last June, Baidu announced the development of Super Chain to optimize energy efficiency in crypto mining. Baidu Blockchain Engine is the latest development in a series of moves to facilitate the adoption and application of efficient blockchain technology.
The introduction of the Baidu blockchain Engine is an innovative drive that fuels cohesion. Now more than ever, developers would find it easier and or more convenient to create a DApp and tailor it to suit their intended purposes.