People Capital and Xunlei Inked Strategic Partnership on Blockchain Laboratory
October 23 2018 - 9:17AM
Business Wire
People Capital, the investment and venture capital arm of
People's Daily Online, today signed a strategic partnership
agreement with Xunlei Limited (Nasdaq: XNET) to promote blockchain
innovation and empower the real economy with blockchain
applications.
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the full release here:
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Mr. Zhao Yahui, General Manager of People
Capital and Mr. Lei Chen, Xunlei and Onething Technologies CEO,
jointly announced the establishment of the blockchain foundational
technology innovation laboratory (Photo: Business Wire)
Under the partnership, People Capital and Xunlei will establish
a technology innovation laboratory as part of People Capital’s
Blockchain Research Institute. Both entities will work together to
explore blockchain as a foundational technology across various
business scenarios. Furthermore, a high-level industrial service
platform will be built up to organize offline activities, such as
workshops, industry seminars and application competitions, in order
to facilitate information sharing, promote innovation and identify
potential start-up companies in the blockchain sector.
People's Daily Online is a large-scale information exchange
platform with news at its core, constructed by China’s largest
newspaper People’s Daily. In 2012, People's Daily Online went
public on the Shanghai Stock Exchange, becoming China's first news
website listed on the A-share market.
According to People’s Daily Online, the Blockchain Research
Institute serves as a research platform on blockchain technology.
Leveraging respective strengths, People Capital and Xunlei will
work closely in boosting blockchain innovation, adoption and
promotion. Mr. Chen also delivered a keynote speech during the
ceremony and addressed that Xunlei will continue to focus on the
research and development of blockchain underlying technologies and
is dedicated to developing ThunderChain as a mainnet and ecosystem
for blockchain startups and developers.
The establishment of blockchain laboratory is part of the global
partnership agreement between People's Daily Online and Xunlei
signed on July 22. The partnership was revealed at the China-US
Entrepreneur and Investment Summit, hosted by People's Daily Online
in Silicon Valley.
Xunlei is one of leading blockchain infrastructure and service
providers globally. Onething Technologies, Xunlei’s cloud computing
and blockchain subsidary, has developed the underlying blockchain
services ThunderChain Open Platform, which can process over 1
million transactions per second and is embedded with strong
scalability and stability, as well as Thunder Chain File System
(TCFS), which is a decentralized file storage and transmission
system for blockchain applications.
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version on businesswire.com: https://www.businesswire.com/news/home/20181023005727/en/
Shenzhen Onething Technologies Co., LtdJudy ShuEmail:
news@onething.netWebsite: http://www.onethingcloud.com/
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