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Baidu Launches Plug and Play Blockchain Platform for Dapps

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Chinese seek massive Baidu has introduced a blockchain platform aimed to simplify business deployment of decentralized apps, or dapps.

Officially announced via Baidu Cloud on Thursday, the Baidu Blockchain Engine (BBE) platform is touted as a type of running machine permitting builders to supply blockchain packages “just like mobile apps,” and get across the garage and computing “bottlenecks” which might be protecting up blockchain’s doable.

BBE is constructed on what the corporate calls the ABC (AI, Big Data, cloud computing) era stack, permitting shoppers to discover and broaden techniques to commercialize blockchain tech.

Hosted on Baidu’s “intelligent” cloud platform, the machine makes use of a modular blockchain framework to supply builders with a multi-chain machine together with good contract templates, dapp templates and different products and services aimed to make building easy and rapid.

The platform additionally helps deployment within the buyer’s present undertaking frameworks, and will also be arrange as a”extremely to be had and versatile” blockchain blockchain-as-a-service platform. It gives beef up for more than a few blockchain eventualities together with consortium and personal chains, the submit says.

On the technical facet, BBE gives six number one options, the submit says, from a relied on computing surroundings, prime efficiency and prime throughput and scalable garage, to cross-chain interactions, “intelligent” good contracts and good contract safety auditing. It’s additionally designed to supply safety of information and privateness coverage.

For consumer-focused finance, BBE helps options corresponding to credit score, metering and transactions. The machine too can beef up the verification of 50 billion tokenized property, Baidu claims.

The corporate has already been lively at the blockchain entrance, liberating a white paper for its Xuperchain blockchain community final September. It’s additionally introduced a photo app and a space-focused game at the blockchain, and now stores revisions to its Chinese Wikipedia-like encyclopedia web site on a blockchain too.

Baidu symbol by the use of Shutterstock

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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Binance.US is under investigation from SEC over trading affiliates: Report

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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

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Boost Insurance unveils product covering against crypto theft from qualified custodians

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Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

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