March 15, 2026

Capitalizations Index – B ∞/21M

Baidu Launches Blockchain Engine for dApp Developers

Baidu Launches Blockchain Engine for dApp Developers

China’s search engine giant, Baidu, has launched the Baidu Blockchain Engine (BBE), an operating system based on Artificial Intelligence, Big Data, and Cloud Computing, which will enable developers to design decentralized mobile applications in an easier and faster way, according to a press release published February 14, 2019.

Developer-Friendly

Per the report, Baidu has launched Baidu Blockchain Engine (BBE) which is based on Artificial Intelligence (AI), Big data, and Cloud Computing, giving blockchain developers an operating system to create and manage decentralized applications (dApps). The open source platform allows for exploration and practice in the commercialization of blockchain.

The team says the creation of the blockchain engine was first proposed by Baidu Cloud, the company’s cloud computing arm which is reportedly conversant in the ABC (AI, Big data, Cloud Computing) field. Baidu cloud, on the other hand, has stated that open source and commercialization are the best way to develop a blockchain operating system.

Li Yanhong, the founder and chairman of Baidu also said:

“ABC Smart Cloud business strategy, accelerated the integration of AI and industry, and promoted the industrial intelligence process.”

BBE to Support Advanced Features

Accordingly, the Baidu team has also hinted that the BBE will be built with the safest and advanced ABC features such as natural language, conversational search, deep learning, model labeling platform and processing AI capabilities amongst others.

Further examination into the new platform reveals that it takes advantage of a pluggable blockchain framework which aims to provide users with smart contracts and dApp templates as well as services that will facilitate the development of highly functional blockchain applications.

Also, the BBE allows blockchain developers to store data on the Baidu Private Cloud platform, making it easier for them to manage the network right from the cloud platform. Importantly, the team claims that the BBE  will support six critical functions, including high performance and high throughput, cross-chain trusted interaction, trusted computing environment, scalable storage, general intelligent contract, and contract security audit.

That’s not all, Baidu says the BBE has been implemented in areas such as consumer finance, hazardous chemicals logistics, and the Internet of Things (IoT).

In the case of hazardous chemicals logistics and transportation, when traditional methods are used there is the possibility of losing goods if the source of the information is unclear. However, BBE in practice made it possible to trace the source of these goods in the supply chain.

The processes involved in cargo transportation such as the operation of cargo drivers, digital signatures, as well as other data were easily accessible on the cloud blockchain platform. In this aspect, BBE was noted to be advantageous in preventing data from being forged or documents from being tampered with. It also has the possibility of increasing the revenue of drivers and operators.

BTCManager on September 28, 2018, informed Baidu had released the whitepaper V1.0 for the Baidu cloud blockchain-as-a-service (BaaS) platform, a Super Chain network system.

Like BTCMANAGER? Send us a tip!
Our bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Published at Fri, 15 Feb 2019 23:00:32 +0000

Previous Article

ETH Miner Robot Android App Review. Can you really mine free Ethereum?

Next Article

How Do You Use Bitcoin At An Online Casino?

You might be interested in …

Markets Update: Cryptocurrencies Erase Two-Day Losses

bitcoin News Markets Update: Cryptocurrencies Erase Two-Day Losses Cryptocurrencies are seeing some relief during today’s trading sessions just before the weekend, as the top ten digital assets are currently up 3-11 percent. Most of the […]

Ny regulator argues bitlicense regulation boosted businesses

NY Regulator Argues BitLicense Regulation Boosted Businesses

NY Regulator Argues BitLicense Regulation Boosted Businesses The New York State Department of Financial Services (NYDFS) is taking steps to defend its much-contested track record as an early regulator of cryptocurrency. In remarks at this […]

Chinese Bitcoin Miners are Closing Shop in Fear of Future Clampdown

Chinese bitcoin miners are deliberately shutting down operations due to worries over future regulatory pressure.


Chinese Abandoning ‘Legal’ Mining

As the traders begin withdrawing BTC under new laws, mining farms in the country’s Szechuan province are concerned a lack of rules for them might lead to repercussions.

bitcoin regulation that the central bank conducted mainly focused on financing and leveraging trading among platforms,” Zhang Jun, a senior analyst at Tai Cloud Research Institute, told YiCai Global.

Mining online involves routine digital programming. It’s not illegal.

Such comments have been insufficient to quell fears among miners themselves, it appears, with an “insider” telling the publication that shutting down shop means they miss out on a golden opportunity.

High Prices Mean Big Losses

Szechuan’s hydroelectric power is some of the cheapest in the world, while the high price of bitcoin and associated fees mean it is more profitable than ever to mine bitcoin on a major scale.

news

“The southwestern region has abundant hydropower resources,” the source said, “so electricity costs about half the price during the wet season. It’s hard to imagine why any mine would want to relocate now.”

“The price is so high at the moment,” a local mine manager added.

Shutting down costs mine owners hundreds of thousands of yuan every day.

Chinese trading activity has added several hundred dollars to the average price of a bitcoin in the last 24 hours.

As traders flock to take advantage of newly enshrined exchange rules, it is clear that those left out of authorities’ latest deal are fearing the worst.

The Grass Is Not Greener

A local authority spokesman could only offer confirmation that “bitcoin mines are not introduced by the government” and that “mining is carried out by companies of their own accord.”

Yet the situation in China is a further shake-up of the mining landscape. Other locations where electricity is cheap but conditions harsh include South America, where several instances of criminal repercussions for miners have surfaced this year.

Venezuelan and most recently Bolivian police have arrested parties known to have mined bitcoin on charges ranging from draining the national grid to propagating “pyramid schemes.”

No further information has yet been received from Chinese lawmakers with regard to the practice.

What do you think about the problems faced by Chinese miners? Let us know in the comments below!


Images courtesy of

The post Chinese Bitcoin Miners are Closing Shop in Fear of Future Clampdown appeared first on Bitcoinist.com.