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. 

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