Baidu established blockchain technology research and development company "DuChain"

Recently, Baidu's Beijing Dinglu Zhongyuan Technology Company invested 50 million yuan to establish Dulian Network Technology (Hainan) Co., Ltd., with Baidu Senior Vice President Xiang Hailong as chairman. The company's business scope includes regional chain technology research and development, technology transfer and technology application. In response, Baidu said that Baidu is currently actively deploying blockchain and promoting the industrialization process, but it would not comment on the newly established company.