Chinese search engine company Baidu has released the Baidu Blockchain White Paper V1.0 describing its development towards a “Super Chain” network system, on September 26.
The white paper was released by Baidu’s Blockchain Lab and it focuses on “the independent development of the ‘Super Chian’ network system.” It introduces the idea of making the Baidu cloud blockchain a blockchain-as-a-service (BaaS) platform along with six applications based on the Super Chain; Hubert, Treasure Chest, Baidu Association, Degree Universe, Totem and Encyclopedia Online.
As per the white paper, the super blockchain is more efficient than a traditional blockchain which utilizes a higher degree of hardware. According to Baidu, Super chain nodes, “use multi-core parallel computing to maximize CPU utilization and increase throughput.”
The Super Chian operates on the stereo network which supports parallel sidechains. It consists of a root chain, which manages parallel chains along with the operating guidelines of the whole network and supports the exchange of data with every chain.
It operates on what is nicknamed as, “pluggable consensus mechanism.” Inside the network, it allows different parallel chains to pick their individual consensus mechanism while upholding the support consensus escalation via a voting system.
Baidu will focus on applying the technology to social networking, tourism, food safety, new retail, product quality, supply chain finance, new manug=facturing, intellectual property and trading, and travel.
Baidu Super Chain modular services will include scenarios related to digital rights, clearing and settelments, certifications, supply chain finance, games and digital assests.
Last June, Baidu introduced its plans of Super Chain protocol as an initiative towards reducing energy consumption in thr mining operations of cryptocurrency.