Baidu, China's internet search giant, has launched a blockchain-based stock photo service in bid to protect image intellectual property in China, as part of its wider push for blockchain technology adoption.
The service, called Totem which went online Wednesday, touts a platform that uses blockchain to timestamp the submission of each original photograph from a user with a real-name identity and store data associated with the images in a distributed network.
With Baidu's existing capacity in internet data scraping and artificial intelligence, the platform says by comparing images that are circulated over the internet with data stored in a traceable blockchain, it would be able to substantiate allegations of intellectual property infringement.
Currently, according to the new site, the company indicates that several traditional stock photo services have also moved onto the platform with notable ones such as Visual China Group, a partner of the stock photo giant Getty Images in China.
While it remains unclear whether the platform is being built on a public blockchain or a private one, it marks yet another effort by Baidu, considered as a Chinese Google, in pushing for blockchain adoptions.
The new launch also comes just months after the firm introduced its blockchain-as-a-service platform in January this year, following which it has moved in with an exploration of a CryptoKitties knock-off dubbed Laici Go, as reported by CoinDesk.
This isn't the first time that an established technology firm is eyeing blockchain to solve the intellectual property issue for digital media assets.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Search Giant Baidu Unveils Blockchain Stock Photo Platform
Publicado en Apr 12, 2018
by Coindesk | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.