Home Blockchain Blockchain OS To Launch through China’s Biggest Search Engine

Blockchain OS To Launch through China’s Biggest Search Engine

One of the biggest purveyors of blockchain-based technology in the world is China and now, the country’s biggest player in the search engine space, Baidu is getting in the game in an effort to support the creation and development of decentralised applications (dApps).

With it being of its top ten holdings, the latest foray by Baidu could help boost the Emerging Markets Internet & e-commerce ETF, which brings both technology and EM into just one ETF.

“The Baidu Blockchain Engine (BBE) is essentially an operating system for dApp development and is part of the company’s cloud computing unit, Baidu Cloud,” the fund wrote in an email. “BBE is an open source platform to simplify dApp development. It provides developers with services such as multi-chain and multi-tier frameworks, smart contract, and dApp templates. It also comes with enhanced data security and privacy protection and will be compatible with Baidu’s existing cloud services.”

Purchasing EMQQ provides exposure to companies that are positioned to benefit as emerging economies mature the consumer class expands and their populations increase their utilisation of the Internet and e-commerce.

The fund provides broad-based exposure to some of the big names in technology overseas like Baidu. In a late market cycle, these equity investors could instead take a look on an international level once the United States leaves this continuous bull run.

As reported by ETF Trends:

“The U.S.-China trade impasse heavily discounted a lot of U.S. equities the past few weeks, but it also put the red tag sale on emerging markets (EM). Combine the tariff battles with a cautious U.S. Federal Reserve, and it puts the EM space at an attractive valuation relative to its peers.”

A lot of investors might have been driven away by the losses in EM throughout last year but more experienced traders saw EM as a substantial markdown if they were quick enough to seize the opportunity.

Christopher Franz, a senior analyst for Morningstar’s for equity strategies noted that:

“Emerging markets have been so unloved lately. This would be a great time for investors to rebalance EM stocks back into their portfolio.”

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