LAS VEGAS, Jan. 13, 2018 /PRNewswire/ -- Onething
Technologies Co., Ltd. ("Onething" or "Onething Technologies"), a
subsidiary of Xunlei Ltd. (Nasdaq: XNET), brought its OneThing
Cloud, an innovative model integrating "crowd sourced computing +
blockchain", to the Consumer Electronics Show (CES) 2018, which was
kicked off on January 9 in Las
Vegas. More than 175,000 industry insiders, exhibitors, and
media outlets attended the show which will influence the tech
trends for the next 12 months. As one of the world's largest
technology shows, CES has served as a platform for innovators and
breakthrough technologies for 50 years. It claims to be a global
stage where next generation of innovations are introduced to the
marketplace. As a pioneer of Chinese crowd sourced computing
industry, Onething received wide attention at CES 2018 for its
OneThing Cloud, a blockchain technology based consumer electronic
device.
A large number of the visitors showed great interest in OneThing
Cloud, which is a smart device that can collect idle computing
resources including bandwidth and storage from users who will in
turn be rewarded with a form of digital asset called LinkToken.
Users can also enjoy other conveniences such as multimedia storage
and streaming, file management and remote control. This
innovative model, being a perfect exemplification of sharing
economy, may help resolve the conflict between demand for high
computing resources and high costs, and deliver a high-quality yet
cost-effective cloud computing service.
One of the essential elements of OneThing Cloud is its unique
blockchain innovation which is utilized to counter the drawback of
trust crisis often looming over sharing economy. Xunlei's
blockchain technology is designed to guarantee open, transparent
and tamper-resistant use of crowd sourced computing resources. And
the LinkToken is the reward that users can earn by sharing their
idle resources and can use it to redeem other services from Xunlei.
Xunlei has high confidence in developing its blockchain as it has
already been researching and developing distributed computing for
almost 15 years and has invested significantly in it. The
blockchain technology, like distributed computing, is also
decentralized. Therefore, OneThing Cloud and LinkToken not only are
the important elements in the crowd sourced computing ecology, but
also are important drivers for the development of blockchain
technology. As OneThing Cloud is expanding its user base and
gaining popularity in China,
LinkToken may become the first million-user level blockchain
application in China, which in
turn will promote blockchain technology to the mass public.
On January 9 at CES 2018, GeekPark
awarded OneThing Cloud "CES Most Popular Product." Meanwhile,
TMTPost.com named Onething Technologies "Global Blockchain
Innovation Product" for its breakthrough in innovation of cloud
computing and blockchain technology.
"OneThing Cloud is the best partner of mobile phones. With it, I
can have my photos and videos safely stored and encrypted on the
cloud but can still access them at any time. Therefore I don't have
to pay extra money to buy cell phones with big memory." replied a
visitor when asked why he favors OneThing Cloud.
A tech geek said, "OneThing Cloud frees users from carrying U
disks all the time and can be connected to TVs and mobile phones
for video watching and document editing. Besides, by sharing their
idle resources, users can earn LinkToken, which can be used to
exchange for other Xunlei products and services they want. It's fun
and environmentally meaningful because a lot of unused resources
can be utilized."
CES 2018 witnessed the emergence of Chinese innovative models
such as OneThing Cloud that are stealing the spotlight away from
American products. This means that Chinese technology innovation
has improved its capability to compete with the world's
highest-level players, particularly in the field of blockchain
technology.
Safe Harbor Statement
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the management's quotations contain
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about
the Company and the industry. Forward-looking statements involve
inherent risks and uncertainties, including but not limited to: the
Company's ability to continue to innovate and provide attractive
products and services to retain and grow its user base; the
Company's ability to keep up with technological developments and
users' changing demands in the internet industry; the Company's
ability to convert its users into subscribers of its premium
services; the Company's ability to deal with existing and potential
copyright infringement claims and other related claims; the
Company's ability to react to the governmental actions for its
scrutiny of internet content in China and the Company's ability to
compete effectively. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. Further
information regarding risks and uncertainties faced by the Company
is included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of the press release, and the Company undertakes
no obligation to update any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law.
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SOURCE OneThing Technologies Co., Ltd.