The Chinese research giant Baidu has officially released a white paper through its new Blockchain Lab for its proposed XuperChain network.
The company claims that XuperChain will support more than 10,000 transactions per second through parallel inter-chain technology and a stereoscopic network, according to the white paper. XuperChain nodes use multi-core parallel computations, maximizing processor work and using sidechains to speed up the network.
While Baidu has more than 50 patents for XuperChain and maintains 100% of its intellectual property, the white paper notes that the software itself will be open.
Cnchan.com cites Tan Bai, Baidu's chief architect and director of Blockchain Lab, saying he hopes that third parties will choose to build on the XuperChain network.
"We will further promote the open source and openness of XuperChain in the future and provide XuperChain with an infrastructure for all developers … We look forward to working with the industry to build a reliable blockchain ecosystem ".
Baidu also reports that it has already launched a series of applications based on its blockchain, including an image rights management system called Baidu Totem, a Baidu Huixue educational certification platform, where the user CV is created by AI and a space game app Duyuzhou (The Universe). This May, Baidu Baike, the Chinese equivalent of Wikipedia, started using blockchain to track amendments to its articles.
In August, Baidu Baidu's blog platform Baidu Tieba blocked the "digital currency" and "virtual currency" sub-forums following China's repression of ICOs.
Editor's Note: some of the statements in this article have been translated by the Chinese.
Image of Baidu through Shutterstock