Baidu To Launch A Blockchain Reward System


While Google might still be making up its mind on whether to launch their own cryptocurrency, their rival search engine from across the sea; China, is already making strides with the technology underpinning cryptos. Baidu has announced they will be rewarding their customers through ‘Totem‘, a blockchain-based platform that helps its users protect and manage their intellectual rights and images. Backed by the company’s artificial intelligence technology, Totem will be able to monitor the web for any copyright violation. The technology additionally makes the licensing process much faster and efficient all while ensuring transparency and credibility using blockchain technology.

Totem Reward System

Totem will reward artists who upload their content to the blockchain platform. Artist such as photographers will apply using an online application, the content will be verified and once successful, the content can be posted on the blockchain platform bearing the artists signature. Currently, the platform is only rewarding users for uploading their content but promises that in the future they will reward them for any image or intellectual transactions. If this sounds familiar, that’s because it’s identical to the recently launched KODAKOne platform. KODAKOne similarly is a management system that protects and manages image copyrights. However, the system has a more defined reward system, users can make money by selling their images to potential buyers using the platforms in-house currency, KodakCoin. One thing that might see Totem make greater strides is that while KODAKOne is backed by Kodak, Totem will be backed by Baidu which has advanced technology and is heavily invested in blockchain technology.

Google’s Cryptocurrency Rumors

Since the beginning of the year, there have been rumors flying around that Google would be launching its own cryptocurrency. Much like most rumors, they have been baseless with most experts dismissing the idea after the internet company banned crypto related ads. However, given Google’s current business model which includes YouTube and Google Shopping, Google’s adaptation of blockchain and use of cryptocurrency could revolutionize the way the company operates and makes financial transactions. Advancement in technology and adaptation by its rival companies might just push Google to look into the technology given the rising interest in blockchain technology and use of cryptocurrencies around the world.

Facebook is also rumored to be thinking of getting into the crypto space. It all began with the social media platform lifting its ban on cryptocurrency ads and while this wasn’t much to go on, the situation has evolved to become something much more serious. The company has undergone some management shuffles that have seen the former head of Facebook Messenger re-posted to be the new head of an exploratory blockchain group within the company. Facebook CEO Mark Zuckerberg is reportedly interested in creating his own cryptocurrency and has effectively put up an exploratory blockchain group that will be reporting directly to Facebook’s CTO, Mike Schroepfer. Facebook’s interest in blockchain technology could see it overcome one of its greatest challenges; privacy. The company has in recent days and years been faced with allegations of disclosing personal data to third parties as well as data leaks within the company. By employing blockchain technology, this could be a thing of the past in the giant social media platform.

Featured image via BigStock.

binary options europe

Powered by WPeMatico

Leave a Reply

Your Name (required)

Your Email (required)


Your Message

BonusMin. DepositMax. ReturnsRating
ayrex$10,000$20090%Rating Ayrex Options Review
$10,000$581%broker Rating Freestyle Review
Finmax$10,000$20090% FiNMAX Review
StockPair$20,000$585%broker Rating Falcon Finance Review
24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

  • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
  • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
  • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
  • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
  • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
  • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
  • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
  • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
    • Keras - self-learning NEURAL networks for
      Stock market forecasting
      Get it FREE








      *number of participants is limited

      Customer Testimonials

      Fellas what broker is legit in States ? binary options binary options broker USA?
      FrankyP