Chinese Internet Giant Baidu Launches Blockchain-as-a-Service Platform

Chinese web search giant Baidu (NASDAQ:BIDU) has now launched its own blockchain-as-a-service (BaaS) platform, calling it the “most user-friendly” blockchain service in the industry.

According to Baidu, this platform was built on the company’s self-developed project, and it can make and trace transactions related to digital currencies, digital bills, bank credit management, insurance management and financial auditing.

This BaaS platform launch is seen as a move to combat its Chinese rival Tencent, which already rolled out its own BaaS service a few months ago.

“We …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.