Baidu Launches Blockchain-as-a-Service Platform

Chinese search giant is going to provide  provide the most "user-friendly" blockchain service
12 January 2018   632

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.

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   69

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.