Baidu: China Google Uses Blockchain for Evidence | BTC-ECHO

Blockchain technology has a much broader application field than bitcoin and cryptocurrency. Its decentralized orientation and its transparency and security opens up a broad spectrum of fields – primarily in administration. For example, the oil company Shell relies on the technology to optimize the oil trade. Meanwhile, Swiss food giant Nestlé and tech group SAP are also using Bitcoin technology to leverage their administrative advantages.

Baidu uses blockchain in the legal area

Another link in this chain is "China's Google" Baidu. According to local reports, the country's largest search engine maintains a block chain for managing legal processes. These fall under the area of ​​arbitration, ie the dispute resolution in non-state court proceedings. The technology used by Bitcoin to ensure the accuracy of transactions is used by Baidu to ensure the authenticity of the evidence. Because the blockchain can assure with cryptographic proof that data is real.

Baidu says it has a platform based on network slicing. This in turn makes it possible to combine different networks in a common structure. For this Baidu has apparently worked with the relevant authority, the Qingdao Arbitration Commission. With the appropriate blockchain solution, it should be possible to digitally match court proofs and thus achieve the greatest possible transparency. It eventually builds on the open source protocol of the search engine provider, the XuperChain on the Baidu Blockchain Engine.

Baidu and the technology under Bitcoin

The present Baidu project is not the only one using Bitcoin technology. For example, Baidu recently launched a blockchain to manage patient data. In addition, the tech giant from China maintains the PIC chain for copyright management.

Baidu: Leading Search Engine Provider & Censor of the Year

Baidu is the leading search engine provider in China with a 63% market share in search engines. It is one of the five most visited websites worldwide. Mid-2018, the company came to a market value of 94 billion US dollars. According to information of the time Baidu operates on the instruction of the communist guidance of the country large-scale censorship. Hundreds of thousands of censors are supposed to search the net and delete critical comments. Google, the largest competitor of Baidu, has already withdrawn from the Middle Kingdom in 2010.

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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO , and should not be attributed to, CriptomonedaseICO .


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