Tencent, Intel Join Forces To Develop Blockchain Technology

2017-09-11 15:15 Posted by: Judy in Go to Comment

China’s social media giant Tencent on Sunday has announced a partnership with Intel at a themed conference of “Secure Link, Intellectual Safeguard”, which was held as a part of the 2017 World Internet of Things Exposition (WIOT) in Wuxi, east China’s Jiangsu Province. Also at the conference, Tencent and Intel signed the Blockchain Cooperation Framework Agreement, jointly promising to develop blockchain technology for TUSI Joint IoT Laboratory to drive the establishment of security safeguard abilities in IoT application scenarios.

“Security has always been the top priority for Tencent. We join forces with Wuxi High-tech Zone government to build the TUSI IoT Joint Laboratory that is expected to forge a future for big data, internet of things, and other fields of scientific and technological innovation. ” says Wuyu—the vice president of Tencent Mobile Internet Group. 

Mr. Wu also says that the signing of the Blockchain Cooperation Framework Agreement is a big step for both Tencent and Intel to set up a security safeguard platform of IoT application scenarios by applying the latest blockchain technologies to TUSI IoT Joint Laboratory.

TUSI (Tencent User Security Infrastructure) Joint IoT Laboratory is an important achievement of 2017 World Internet of Things Exposition. Co-founded by Tencent and Wuxi High-tech Zone government, the laboratory is expected to help build a trusted, intellectual city or, alternatively, an intellectual city without password, by providing TUSI public service platform, TUSI alliance membership, as well as TUSI approval standards.

Through an integration of governments with enterprises, plus connecting scientific research institutions to industrial partners, Tencent believes that more application scenarios for blockchain technologies will be explored and the vision of a sound development of IoT industry will finally come true in the future.

According to the agreement signed by Tencent and Intel, the TUSI Joint IoT Laboratory will adopt Intel’s core blockchain technologies in the alliance blockchain development, offering enterprises and organizations TUSI standardized IoT safety monitoring systems, product safety evaluation systems, security service output capabilities and other more. This will be helpful for solving the problem of the disunity of mobile internet identity authentication standards so that every part of an industrial chain can use the unified standard to design software, smart hardware, and smart furniture, while benefiting from the unified security safeguard capability.

On the other side, Rick Echevarria, the vice president of the Intel Security Group and general manager of the Intel Security Division at Intel Corporation, says that Intel is glad to partner with Tencent in development of blockchain and IoT. “Intel has been committed to offering blockchain industry the best privacy protection service that is secure and scalable. The prospect of Intel’s partnership with Tencent in blockchain technology development is brilliant and encouraging,” he added. 

Related Articles

Week 2017/11/13 Top 5 Web Hosting Industry News
11/17
During this week, there are many exciting or surprising events happening to the large companies in the industry, such as Qualcomm, Google, Alibaba Cloud, Twitter, and so on.
Microsoft Adds Cassandra Support into Cosmos DB, Better Availability Guarantees
11/16
Being a managed DB cloud service, Cosmos DB obtained several updates yesterday, which was purely to enhance its availability for a wider range of users.
50th TOP500 Supercomputer List Released, China and Linux Are Big Winners
11/15
For the first time, China pulls ahead of U.S. in the fiftieth TOP500 list of the fastest supercomputers in the world by a margin of 202 to 143. At the same time, Linux is found completely dominating the supercomputers—all the top 500 world’s fastest supercomputers are running Linux operating system!
Red Hat Enterprise Linux and ARM Finally Meet on A Shipping Product: RHEL for ARM
11/14
After seven years, the promise of running Linux servers on ARM processors finally becomes reality.
Report: China’s Private Cloud Market Remains Dominated By Local Companies
11/13
CCW Research, under the guidance of Institute of Scientific and Technical Information of China (ISTIC), recently unveiled Analysis on Current Situation and Development Trend of China’s Private Cloud Market Over 2016-2017, analyzing definition of private cloud, market pattern in China and the chief players in the market.
Comment
Be the first to comment!
About the author
Judy
Views: 41637
Articles: 146
Having been an website editor for web hosting, SSL, SEO, cloud and domain registration for years. Well knowledgeable about online presence creation, optimization and security.

Author's Hot Articles

godaddy
hub

Hot Posts

Service Recommendation

Cloud Hosting
Cloud hosting is the fastest growing hosting solutions in the industry. »
Cloud Storage
Best Cloud Storage are named based on customer and expert reviews. »
SSL
The most popular SSL certificate providers in the industry are here. »
China Web Hosting
Find out a comprehensive evaluation to the host service provider in China. »
bluehost