During an online press conference on Jan. 6, 2020, Baidu Xuperchain announced the launch of a public beta of its platform. Until March, users can pay just 1 Chinese yuan, or about $0.14, to deploy a blockchain app.
The Xuperchain network is managed by a series of master nodes, and the project's white paper explains and uses parallel circuit technology to simplify smart contract processing. Developers and enterprises can create applications, smart contract templates and related features based on their specific business needs.
According to Monday's announcement, the network was built on Baidu's previous blockchain-as-a-service (BaaS) offering. But the new platform doesn't require users to build the blockchain themselves and allows them to deploy their own applications at a lower cost. The team also stressed that it is fully compliant with China's regulatory requirements for businesses using blockchain technology.
The base code for Xuperchain was unveiled in May 2018. The network currently has more than 3.5 million users and 450 million transactions.
Many major internet companies in China have now released details of their blockchain initiatives.
Alibaba's Ant Financial, formerly known as Alipay, announced in November 2019 that it was going to release its blockchain consortium network around February 2020. Tencent and JD also released official documents about their blockchain-as-a-service (BaaS) platform.
This news suggests that big business is successfully using blockchain technology in their business models. Slowly and quietly, the BaaS platform market is being taken over by big players with professional teams. It was to be expected, we started talking about it more than a year ago on our website.
Sadly, the fate of many blockchain projects is grim: they will disappear.because they will not be able to attract users. One of the projects we supported extensively during the year is already in quite a tough spot. We are discontinuing our involvement with project due to futility of further cooperation.
Time is an irreplaceable resource, so our team begins to closely examine the prospects of development teams and projects that we write reviews on our site.