China’s NEO Blockchain Project Opens an Office in Seattle for Global Development

NEO, a Chinese blockchain platform, is opening up an office based in the United States. The office will be in Seattle and the company has already …
NEO-Blockchain-Opens-Seattle-Office

NEO, a Chinese blockchain platform, is opening up an office based in the United States. The office will be in Seattle and the company has already chosen John deVadoss, a former Microsoft executive, to head it.

The office is scheduled to open sometime in February. During the month, the company will also work on recruiting for the office, which may later lead to more expansion in the United States. According to the platform’s press release, it has also developed partnerships with several companies, including Microsoft.

NEO’s founder, Erik Zhang stated that he was attracted to Seattle as the city in which to open the first office because of its reputation as a technology giant. As he stated,

“Seattle has huge developer resources and a strong atmosphere of innovation, andd NEO has always placed great importance in technology development.”

Over the years, NEO has been recognized as the “Ethereum of China.” According to its platform, it “utilizes technology and digital identifies to digitize assets and automate the management of digital assets using smart contracts.”

The platform was founded in 2014, it launched in 2016, and it is currently working to develop NEO 3.0. The upgrade is to its blockchain, which is set to bring

“faster transaction speeds, greater stability and expanded application programming interfaces for smart contracts.”

Chinese Tech Giant Baidu Launches New Blockchain to Support dApp Development

Another interesting feature that stands out from the rest is the “general smart contract.” Each of the three blockchain protocols supports Ehtereum’s …

China’s most dominant search engine, Baidu recently revealed its Blockchain as a Service platform (BaaS) offering, the Baidu Blockchain Engine (BBE), which is being referred as the “blockchain operation system” by Baidu. The BaaS platform currently supports over three blockchain protocols, those being a permission version of Ethereum, Hyperledger Fabric, and Baidu’s very own XuperChain.

During the previous year, Baidu published plans that also included Hyperledger Sawtooth, but it wasn’t made available for the launch.

Even so, there is some feature that currently stands out.

For instance, it says there is cross-chain trusted interaction. Baidu’s Xuperchain protocol supports parallel chains. Meaning that this likely refers to communication between chains within Xuperchain.

Another interesting feature that stands out from the rest is the “general smart contract.” Each of the three blockchain protocols supports Ehtereum’s Solidity smart contracts. The general smart contract may be a “write once” and currently works on any of three available blockchains.

BBE was developed on top of Baidu Cloud’s ABC strategy, those being AI, Big Data, and Cloud. Hosting is also being supported on Baidu’s private cloud platform and well as on premises.

Performance

Baidu is also laying down a numerous amount of applications which are currently in production such as the Internet of Things (IoT), hazardous chemical logistics, financial collections, asset securitization, sharing financial data, and consumer finance. The platform has already been set to support the authenticity of 50 billion assets.

The blockchain announcement made a large deal on hazardous chemical solutions. For safety purposes, the chemicals should only travel along planned routes, the driver needs to be capable of driving safely, and the trucks need to be in pristine and safe conditions.

Blockchain shall enable the truck data to be tracked and shared, with complete trust from the source of information. There’s a security chip in the truck which prevents the drivers from tampering with any gathered data. So all parties will be aware of the route the cargo traveled through and whether the driver kept at appropriate speeds. Also, the vehicle certification will have a digital signature, so the source can be seamlessly identified, making forgery quite difficult to pull off.

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Chinese search engine giant Baidu launches blockchain OS to support dApp development

According to the company, BBE will provide developers with numerous services, including multi-chain and middle-tier frameworks, and smart contract …

Baidu, a Chinese search engine and web service company, announced the launch of its Baidu Blockchain Engine (BBE), an operating system designed to enable the development of decentralized apps (dApps). The tech giant’s cloud computing unit, Baidu Cloud, made the announcement yesterday, February 14.

The company stated that the only way for it to build a blockchain operating system (OS) was to make it an open-source, commercialized platform. The BBE is reported to have been developed using Baidu’s “ABC” technology strategy: A for artificial intelligence (AI), B for big data, and C for cloud computing.

Baidu Cloud is now hoping to play a crucial role in the commercial development of blockchain technology, considering its development of BBE. The operating system built on an intelligent platform will positively affect the broader blockchain landscape. The platform will tackle the challenges of the current infrastructure in blockchain products development. In particular, the issues of inefficient single-machine storage, high data storage costs and, subsequently, computing bottlenecks.

According to the company, BBE will provide developers with numerous services, including multi-chain and middle-tier frameworks, and smart contract and dApp templates. It will also profile the various mechanisms that will help ensure data security and privacy protection.

BBE is suited for the Baidu private cloud, making it possible for customers to integrate dApps for various business scenarios using the flexible blockchain-as-a-service platform (BaaS). The company revealed that the Baidu Blockchain Lab designed the BBE to carry out six specific functions. The functions with which BBE will provide its users include a trusted computing environment, high performance and high throughput, scalable storage, cross-chain trusted interactions, smart contract support, and contract security audits.

Baidu has shown interest in blockchain technology over the past few months. In September 2018, the tech giant released the Baidu Blockchain White Paper V1.0, which describes the development of a “Super Chain” network system. The Super Chain is part of an effort by the company to commercialize its cloud blockchain BaaS platform, and make things easier for developers in the blockchain ecosystem.


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Samsung SDS Launches Nexledger Accelerator to Speed up Blockchain Transactions

The primary objective of Hyperledger is to advance cross-industry blockchain technologies. With the successful launch of the Nexledger Accelerator, …
Reading Time: 2minutesbyonFebruary 15, 2019&nbspNews, Tech

Samsung SDS, the information technology arm of Samsung Electronics has announced the launch of its Nexledger Accelerator, a solution that the firm says can significantly speed up transactions on blockchain networks, according to a press release on February 14, 2019.

Samsung SDS Nexledger Accelerator Now Live

In a bid to solve the speed problems of blockchains, Samsung SDS, a subsidiary of Samsung Group launched in 1985 to offer information technology services to clients, has announced the launch of its Nexledger Accelerator.

Present at the ongoing IBM Think 2019 conference holding in San Francisco, the highly reputed organization made it clear that the Nexledger Accelerator is now live, following successful testing on Hyperledger Fabric in December last year.

Per the firm, the Nexledger Accelerator dramatically boosted the transaction processing speeds of the Hyperledger network.

Against that backdrop, Samsung SDS has hinted that it would draft a comprehensive white paper for the blockchain solution that will include the technology roadmap of Nexledger Accelerator to enable other blockchain developers to use the technology seamlessly.

Samsung SDS declared:

“Samsung SDS is looking to provide a whitepaper that includes the tech roadmap of Nexledger Accelerator to make it easier for other developers to it and a tool for accelerated testing will also be made available on GitHub.”

Samsung Set to Join IBM Blockchain Board

For the uninitiated, Hyperledger is merely an umbrella ecosystem of open source distributed ledgers launched in 2015 by the Linux Foundation and supported by a vast array of heavyweight organizations including IBM, Oracle and others. The primary objective of Hyperledger is to advance cross-industry blockchain technologies.

With the successful launch of the Nexledger Accelerator, Samsung SDS has said it will be joining the Board of the IBM Blockchain Platform to contribute to the growth of both IBM and the global blockchain ecosystem.

Samsung Slowly becoming a Blockchain Heavyweight

Despite the nascent nature of blockchain technology, it’s worth noting that global tech giants, Samsung is doing its best to occupy the frontline in the blockchain technology movement.

In December 2018, BTCManagerinformed that Samsung had filed for three blockchain technology related application in the European Union (EU), to enable it to start integrating cryptocurrency cold wallets into its premium smartphones.

In related news, on January 24, 2019, BTCManagerreported that leaked photos had revealed that the Samsung Galaxy S10 smartphone features a crypto wallet.

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Samsung SDS introduces Blockchain Accelerator tech following Hyperledger trial

Samsung SDS revealed that the Nexledger Accelerator had already passed testing with Hyperledger Fabric, with a significant increase in transaction …

Samsung’s IT arm has announced the completion of a technology that will help speed up transactions carried out on blockchain networks. Samsung SDS presented the technology dubbed Nexledger Accelerator at the ongoing IBM Think 2019 conference in San Francisco yesterday, February 14.

Samsung SDS revealed that the Nexledger Accelerator had already passed testing with Hyperledger Fabric, with a significant increase in transaction speed recorded. According to the announcement, the company developed the Nexledger Accelerator to help improve transaction processing speed, which is very important when applying blockchain technology.

The company has a dedicated Github repository which will offer developer tools for testing and expanding the Nexledger Accelerator, using a scheme called “Innovation Sandbox.” Samsung SDS pointed out that the primary aim is to enable blockchain developers to run the technology and see how many performance benefits they can expect from it.

Samsung first unveiled the Nexledger product as an enterprise blockchain platform in April 2017. Back then, SDS described the technology as an integrated solution for corporations looking for a cost-efficient method of managing digital financial transactions and data exchange.

SDS also revealed it would be joining the IBM Blockchain Platform Board. The Linux Foundation developed the Hyperledger as an open-source enterprise blockchain solution. Over the past two years, Hyperledger has been used and deployed by major industry players, including IBM, Samsung, and others.


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