According to China News Weekly, Chinese Internet giant Baidu has announced the next stage of the integration of the blockchain Protocol, one advantage of which is to reduce energy consumption while mining.
A Protocol called “Super Chain” presented the blockchain is a leading developer of Baidu Xiao Wei. The presentation occurred during a technology conference.
This is not the first endeavor Baidu in the field of the blockchain in January of this year Chinese Google announced the launch of Blockchain-as-a-Service (BaaS) solution.
Super Chain “will be able to work with a consensus mechanisms to solve the current problems of energy consumption,” said Wei, as well as “compatible with Bitcoin and Ethereum”.
In April, Baidu released another blockchain project, which is a platform for digital rights management of images.
See also – XI Jinping: the blockchain is a breakthrough
As more expressions of interest in blockchain technology by big business Chinese authorities are unable to stay away. Last week the Chairman of the people’s Republic of China, XI Jinping said that this technology is a breakthrough for many areas of the economy. In this regard, the Chinese government intends to develop special standards for this area, the appearance of which is expected by the end of 2019.