Chinese internet company Baidu has announced its Baidu Trust technology as a Blockchain as a Service (BaaS) platform. The blockchain service is enterprise-level to be used according to the actual business scenario of the project, and its properties.
Baidu Trust has been successfully applied in asset securitization and asset exchange businesses and has contributed to the first asset-backed securities exchange products using blockchain technology in China.
Modules and mechanisms of each business project to be integrated into the blockchain can be customized and flexibly configured.
The service has support for high concurrency, low latency real-time block writing and query; the platform will also support multi-copy replication, multi-instance deployment, and through consistent algorithms to ensure data consistency.
Security features will use asymmetric encryption signatures, certificate authentication, access control, isolation, consensus mechanisms, and additional technical solutions to guarantee data security and reliable communications.
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