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Blockchain Became One of Baidu’s 2018 Financial Highlights

Abstract : Baidu is working with the Hainan province to broaden the adoption of blockchain by offering XuperChain and working with Beijing Internet Court to develop an electronic-evidence platform using XuperChain.

ChainDD
ChainDD

Feb 25

February 25 (ChainDD) In its unaudited financial results for the fourth quarter and fiscal year 2018, China’s Internet giant Baidu highlighted blockchain as one of its annual key achievements, by taking examples of several blockchain sector businesses such as XuperChain, cooperation with Hainan provincial government.

According to the financial report, Baidu is working with the Hainan province to broaden the adoption of blockchain by offering XuperChain, Baidu's blockchain technology, to a wide range of industries. XuperChain currently processes more than 55,000 transactions per second, far exceeding the industry average.

In addition, Baidu is working with the Beijing Internet Court to develop an electronic-evidence platform using XuperChain. As of December 2018, over 93 million patents were stored and protected on XuperChain's copyright protection system.

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