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.