Author: Gan Jia Ci
Chinese multinational tech giant Baidu has just unveiled the new blockchain protocol, dubbed as Super Chain, that aims to reduce consumption in mining energy.
Reported by China News Weekly on 3 June, chief scientist of Baidu’s blockchain unit Xiao Wei introduced the new protocol at a local conference the past weekend.
Wei explained the features of the Super Chain, stating that it can “insert and remove consensus mechanisms to solve the current energy consumption problem”.
“This compatible developer ecosystem of Bitcoin and Ethereum not only can insert and remove consensus mechanisms to solve the current energy consumption problem, but also supports single-chain support of 100,000 concurrent [transactions per second].”
While Wei was not willing to reveal any further news about Super Chain, he did mention that a “blockchain transformation” of Baidu’s business based on Super Chain is in the works. In addition, the company has started a blockchain-based project aimed at copyright protection.
In January, Baidu also unveiled its very own Blockchain as a Service (BaaS) open platform.
Despite the stringent laws imposed by the Chinese government such as a nationwide cryptocurrency ban in February, it seems that the government body is warming up to the idea of blockchain with plans to release blockchain “standards” by the end of next year, director of the Blockchain research Office with the Ministry of Industry and Information Li Ming declared.
In February, Baidu blocked all crypto-related ads on its search engine following the local government’s regulation on cryptocurrency and Initial Coin Offerings (ICOs).