Chinese Search Giant Baidu to Launch Rewards on Blockchain Platform
Baidu, broadly dubbed as the Google of China, is going to launch rewards and announce the blockchain layout of their project &ldquoTotem&rdquo in an upcoming conference on July 18.
Totem, a blockchain-based platform, was launched by Baidu in April. Totem utilizes blockchain technology to manage the intellectual home rights of pictures. They aim to enable much more efficiency in the ownership of pictures and preventing infringements, according to its site.
&ldquoThe copyright details of the function is permanently written into the blockchain. Based on the credibility and incomprehensibility of the blockchain, combined with Baidu’s leading artificial intelligence technologies, the dissemination of the work can be traceable, reprintable, monitorable, and adjust the copyright of conventional images.&rdquo (loosely translated) the site states.
Using Blockchain, Totem would permit a lot more transparency into image rights and the licensing approach. The platform would also take advantage of Baidu&rsquos Artificial Intelligence technology to monitor any copyright violations across the web.
&ldquoTotem conducts network infringement monitoring of original performs, rapidly produces visual data reports, and entrusts lawyers to initiate rights protection on the internet,” a description explains.
Totem rewards would function as an incentivization mechanism on the platform and are at present open for certain functions such as user uploads. However, it could be additional expanded for image transactions and related functions.
Photographers, designers and other original authors are at the moment encouraged to submit an online application. Upon identity verification, they can upload their performs onto the Totem blockchain.
Several projects have committed to leveraging blockchain technologies for intellectual house rights management in the previous. Earlier this year Kodak, an American photography primarily based business, announced the launch of a blockchain platform and cryptocurrency called KODAKOne and KODAKCoin respectively. KODAKOne, which operates comparable to Totem, enables photographers to register their pictures that they can license on the platform. The initiative stated that they aim to allow photographers to have greater manage more than their pictures.
KODAKCoin&rsquos initial coin offering (ICO) was initially scheduled to take place on Jan 31 but has been delayed since. The ICO would be open to accredited investors in the United States, United Kingdom, and some other countries.
As CCN reported earlier, Baidu&rsquos Blockchain Lab has also released a CryptoKitties style game known as &ldquoLeci Gou&rdquo. The game features puppies as an alternative of kittens. Baidu has also released a native blockchain-primarily based expertise quiz app named &ldquoDuyuzhou&rdquo final month. They also released a blockchain-based network operating system named super-chain, which is compatible with Bitcoin and Ethereum developer ecosystem.
Featured image from Shutterstock.
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Published at Thu, 05 Jul 2018 12:14:56 +0000