China’s Baidu joins Hyperledger

Baidu, China’s leading Internet search engine, confirms its interest in blockchain technology by becoming a member of Hyperledger
18 October 2017   1504

China’s relationships with crypto universe have been quite intense lately. Thus, due to the whole China-against-Bitcoin thing, the top cryptocurrency price has fallen. On top of that, according to undisclosed sources, the Chinese government has officially decided to crack down on all Bitcoin and cryptocurrency trading, not just commercial exchanges.

Still, it seems like the prohibitions of cryptocurrency exchanges and token offerings have not dissuaded domestic blockchain development.

Thus, now Baidu joines an open-source collaboration for blockchain technology - Hyperledger. It's noteworthym that, according to alexa.com data, baidu.com is the most popular website in China and ranks fourth globally

For now, it’s unclear whether Baidu will immediately incorporate blockchain technology or not, but the company has a broad product base for experimentation. 

Cobalt & Lithium Supplies to be Tracked With DLT

The platform will be created by the Everledger together with Circulor using Hyperledger Fabric
26 March 2020   950

Everledger, a British startup, has partnered with Circulor to develop a platform based on the Hyperledger Fabric blockchain to track supply chains of cobalt and lithium.

Everledger specializes in using blockchain to combat counterfeiting of precious stones, in particular diamonds. The company’s management said it intends to expand its business using blockchain to control the supply of rare minerals used in the production of batteries.

Well-known carmaker Mercedes Benz is already using Circulor technology to track its supply of cobalt and its carbon footprint. Circulor and Everledger share a similar concept - with the help of the blockchain they control the observance of social and environmental standards in mining. Therefore, startups decided to develop a joint product.

Everledger co-founder Leanne Kemp and Circulor CEO Doug Johnson-Poensgen said their solution will work on the Hyperledger Fabric blockchain. The possibility of interacting with IBM is also being discussed.

Poensgen added that the platform will be used not only to track cobalt production in the Democratic Republic of Congo, but in different regions of the world. For example, lithium mining in the Atacama desert leads to water pollution, so the solution on the blockchain is aimed at preventing environmental disasters.