Baidu Unveils Blockchain Engine For DApp Developers February 14, 2019 February 14, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsFebruary 14, 2019 by Kelly Cromley

Baidu Unveils Blockchain Engine For DApp Developers

Chinese tech company specializing in artificial intelligence and web-related products and services and products has introduced a blockchain focused operating system named Baidu Blockchain Engine (BBE), which simplifies development of decentralized applications (DApp). Baidu Cloud, the cloud computing unit of the search engine provider Baidu, officially introduced the product.

In its official announcement, Baidu Cloud has stated that it believes a commercialized open source platform to be “the only way to build a blockchain operating system.” BBE was developed on Baidu’s concept of ‘ABC’, which denotes big data, cloud computing and artificial intelligence (AI). It also intends to make DApp development “as simple as creating a mobile app.”

Baidu Cloud believes that BBE, which is developed using a smart cloud platform, will have a positive impact on the blockchain product domain. The company anticipates that the product will motivate commercial advancement of blockchain technology.

BBE, according to Baidu Cloud, has been designed to resolve the noted deficiencies of present infrastructure, which supposedly faces problems such as high data storage costs, inefficient single-machine storage and computing bottlenecks.

Regarding the product, Baidu Cloud has explained that BBE offers developers with products such as middle-tier frameworks and multi-chain, in addition to DApp and smart contract templates. The firms has also highlighted about other systems that intend to offer privacy protection and data security.

BBE can work in cohesion with Baidu private cloud, permitting clients to deploy DApps for several business cases by means of a adaptable blockchain-as-a-service platform (BaaS).

BBE, created by Baidu Blockchain Lab, offers six functions namely “high performance and high throughput trusted computing environment, cross-chain trusted interactions, scalable storage, smart contract support, and contract security audits.”

It can be remembered that Baidu published its white paper on Baidu Blockchain V1.0 in September 2018. The White Paper highlights the structure of its “Super Chain” network. Being a stereo network, Super Chain supports parallel sidechains. It is a portion of Baidu’s continuing attempt to commercialize cloud blockchain BaaS platform.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.