Baidu is a Chinese internet giant that launched a blockchain-based service on Monday especially for the developers as well as small and medium-sized businesses for building decentralized apps, or dApps.
The new service, translated as Open Network from the Chinese, will allow users not only to develop but deploy applications without building their particular blockchain platforms, as indicated by a Chinese media report by a state-owned daily newspaper, STCN.
The service is part of Baidu’s enterprise blockchain-network called Xuperchain that aims to attract small users with lower cost as well as technological barriers.
Also, the move perfectly fits into the Chinese govt’s embrace of Blockchain as well as its desire to applaud its use by smaller businesses throughout the nation.
The Chinese internet giant said the cost of using the new service can be as low as $14 (1 Yuan) with its quantity-based fee structure until the month of March, as indicated by the report. In order to simplify the process to build applications, the Baidu’s latest service allows its customers to use smart contracts templates as well as other functional components which are designed only for increasing efficiency.
According to the firm’s website, the enterprise blockchain network, Xuperchain, has nearly 3.5 million users and has also processed over 450 million transactions by far. The network has 7 masternodes which includes Tsinghua University and streaming services giant iQiyi to help as well as verify transactions on the platform.
In the month of May 2019, Baidy announced that it would be making its Xuperchain network open source to the public. Also that it would look into the potential challenges that its prospective users may encounter.
This new service isn’t the company’s first effort to help its developers build their own applications. In February 2019, Baidu Cloud launched Baidu Blockchain Engin aiming to tackle storage and computing problems for developers when they try to build applications.
The Chinese internet giant debuted its BaaS (Blockchain-as-a-Service) platform in January 2018. The platform is aimed at providing blockchain infrastructure for applications. However, different from the new service, the platform needs developers and companies to have their own blockchain in the first place.