Chinese search engine giant Baidu joins Hyperledger blockchain consortium

Rage Review : Recently, Chinese search engine giant Baidu announced that it has joined the Hyperledger blockchain alliance led by the Linux Foundation, becoming the latest member of the alliance, and will assist in the development of the alliance project with other member companies such as Accenture, IBM, JPMorgan Chase, R3, Cisco and SAP. Baidu's vice president and Hyperledger's executive director have expressed their views on this and believe that the cooperation between the two sides can promote the development of enterprise-level blockchain solutions.

Translation: Clover

Chinese search engine giant Baidu has joined the Linux Foundation-led Hyperledger blockchain consortium, becoming the latest member of the alliance.

Baidu has joined the blockchain alliance, which focuses on developing enterprise-level blockchain technology, and will assist in the development of the alliance project together with other member companies such as Accenture, IBM, JPMorgan Chase, R3, Cisco and SAP.

Baidu Vice President Zhang Xuyang explained the company’s reasons for joining Hyperledger in a statement, arguing that blockchain can help “better tune” search preferences based on user needs.

He added:

“Over the past 17 years, we have worked hard to listen carefully to our users’ needs to better fulfill our mission. We are excited to become a member of Hyperledger and look forward to working with other members to advance the construction of open blockchain solutions.”

Brian Behlendorf, Executive Director of Hyperledger, said of the new member:

“[Baidu’s] deep understanding of connecting users to information services will be a driving force for further expansion in Asia and drive additional production deployments of Hyperledger technology around the world.”

The announcement comes just a week after enterprise network company Tradeshift joined the Hyperledger blockchain consortium, which has grown to include more than 160 companies, startups and organizations since its founding in 2015.