Chinese 'Wikipedia' Now Tracks Revisions on a Blockchain

Baidu had implemented own blockchain in its Wikipedia alternative called Baike
29 May 2018   592

The Chinese alternative of Wikipedia, Baidu Baike, used the blockchain to keep track of the revisions in the articles in order to increase the transparency and traceability of events in its service, CoinDesk reports.

Although the company has not officially announced the integration of the technology yet, the search on the encyclopedia already returns the results that the hash values ​​correspond to, which indicate that the data are recorded including with the help of the blockchain.

In a conversation with CoinDesk, a company representative confirmed that in the public version of the service, hash values ​​began to appear on this Monday, although some timestamps indicate that hashing started at least last week.

Baidu Baike
Baidu Baike

To track revisions Baidu uses its own blockchain system, which does not allow an outside user to determine which data is recorded, for example, whether the revision time, the name of its author or the reason for making entries are taken into account.

The representative of Baidu refused to answer technical questions, but said that the goal of integrating the block is to increase the reliability of the data in the encyclopedia, which information can be modified by the users themselves.

Baidu Baike was launched in 2008 and is the main service of this kind for the residents of China, as the original "Wikipedia" in the country is blocked. According to public data as of February 2018, the encyclopedia contains 15.2 million records and 6.4 million revisions.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   70

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.