Xunlei Establishes Joint Laboratory with HKUST to Drive Innovation and Applications of Blockchain Technology
June 17 2019 - 8:00AM
Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a
leading innovator in shared cloud computing and blockchain
technology, today announced that the Company and The Hong Kong
University of Science and Technology (“HKUST”) have established
HKUST-Xunlei Joint Laboratory on Blockchain Technology (the “Joint
Lab”). The Joint Lab aims to develop cutting-edge and influential
blockchain technologies that are applicable to various industries
and establish a high-performance blockchain ecosystem in the
Guangdong-Hong Kong-Macao Greater Bay Area. A signing ceremony
was held at HKUST Campus today to officially launch the operation
of the Joint Lab and research collaboration. Professor Tim Cheng,
the Dean of the Faculty of Engineering of HKUST, and Ms. Xin Lai,
the Chief Engineer of ThunderChain at Xunlei signed the
collaborative agreement, witnessed by Professor Nancy IP, the Vice
President for Research and Development of HKUST and Mr. Lei Chen,
the Chief Executive Officer of Xunlei and Shenzhen Onething
Technologies Co., Ltd., one of our major operating entities in
China. By leveraging HKUST’s strong research capabilities and
Xunlei’s solid industry experience, a series of blockchain
technology initiatives and development will be carried out under
the Joint Lab. Key research topics include consensus algorithm,
cryptography and data protection. With Xunlei’s infrastructure
support of ThunderChain and Thunder Chain File System (TCFS),
HKUST’s world-class researchers and Xunlei’s technology experts
will work together on a joint research project to improve existing
consensus algorithm and explore new models, enabling individual
users to share idle computing resources with small-sized hardware
while establishing an overall blockchain system with higher
security level so as to achieve sharing economy of computing
network. HKUST is a world-class research university that
focuses on science, technology and business as well as humanities
and social science. HKUST offers an international campus, and a
holistic and interdisciplinary pedagogy to nurture well-rounded
graduates with global vision, a strong entrepreneurial spirit and
innovative thinking. HKUST attained the highest proportion of
internationally excellent research work in the Research Assessment
Exercise 2014 of Hong Kong’s University Grants Committee, and is
ranked as the world’s best young university in Times Higher
Education’s Young University Rankings 2018. Its graduates were
ranked 16th worldwide and top in Greater China in Global
Employability University Survey 2018. Professor Tim Cheng
said: “HKUST strives to achieve pioneering research and promotes
technological innovation. Through the establishment of this Joint
Lab, not only will it facilitate academic exchange and industry
collaboration, it will also bring more learning opportunities for
our students to equip with the advanced blockchain technologies and
knowledge, contributing to the development of future technology
talents.” Mr. Lei Chen, Chief Executive Officer of Xunlei,
concluded: “We are very excited to partner with world-leading
institutions like HKUST to explore use cases of blockchain and
translate these insights into impactful applications, together
contributing to technological and economic development. We also
hope young generation will join us in this endeavor to make
blockchain technology widely used and working for a better
future.”
About Xunlei Founded in 2003,
Xunlei Limited (NASDAQ: XNET) is a leading innovator in shared
cloud computing and blockchain technology. Xunlei provides a wide
range of products and services across cloud acceleration,
blockchain, shared cloud computing and digital entertainment to
deliver an efficient, smart and safe internet experience.
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may be required by law. Contact: Investor Relations
Xunlei Limited Email: ir@xunlei.com Tel: +86 755 8633 8443 Website:
http://ir.xunlei.com
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