The Chinese search giant Baidu has launched its own blockchain-as-a-service (BaaS) platform. This is reported by CoinDesk.
The open platform "Baidu Trust" is developed on the basis of Baidu's own technology. According to the company, it is designed to provide users with the most "easy to learn and use" blockchain-service.
According to a report on the Baidu website, the platform allows you to conduct and track transactions; it can be used to perform a wide variety of tasks, including the issuance of digital accounts, the management of bank loans, insurance management, financial audit, etc.
According to Baidu, this technology has already been used for securitization and asset exchange, including "first asset-backed securities exchange products using blockchain technology in China."
Note that Baidu - not the first Chinese company, acting with such an initiative. In April 2017, the Chinese Internet conglomerate Tencent released its own set of blockchain services. TrustSQL offers its users such services as digital asset management, authentication and shared economics.
Although the search engine Baidu a bit late with its own BaaS-platform, once he was one of the first companies to start working with bitcoin. So, in October 2013 payments in this crypto currency began to take his service Jiasule, engaged in improving the productivity, speed and security of websites.