Ethereum
$204.62 -0.05%
ETH · 57w

Tencent and Intel Team Up to Develop Blockchain-based ID Solution

10 Sep, Wuxi-Tencent, the social media giant in China, has worked with Intel and Wuxi High-Tech Industrial Development Zone in Jiangsu province to set up the nation’s first TUSI (Tencent User Security Infrastructure) Internet of Things laboratory. The lab is to promote defense capability in IOT use cases with blockchain technology.

Tencent enters into cooperation with Intel on blockchain development. source:tencent

Wu Yu, VP of Tencent Mobile Internet Department, said that security is always the primary concern of Tencent. The TSUI lab is expected to aggregate power from the government and the enterprises, connecting research institutes and business partners, promoting more applications with blockchain technology and the healthy development of IOT. As per the intent signed by both parties, the TSUI lab will develop consortium blockchain based on the blockchain technology of Intel, offering service like IOT network security monitoring, security assessment of products, security service capacity output in order to change the status quo: various ID verification standards on client side . Eventually, all units of the ecosystem could design and manufacture smart hardware, software and smart household equipment with a common standard and enjoy a united security protection. It’s reported  that Intel took a hardware-based consensus approach called “proof of elapsed time,”

“The algorithm was designed to run on Intel chips through the use of software guard extensions (SGXs) – sets of instructions that create enclaves for important data within the hardware.” “I am glad that Intel has partnered with Tencent in the area of blockchain and IOT.”

said Rick Echevarria, BP and GM of Intel Software and Services Group.

“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 deve...
Continue on news.8btc.com
Recent news
ETH -0.05% · twitter.com · 1h

Interview with CEO of Changelly

check an #exclusive interview with @ilyabere CEO of @Changelly_team https://t.co/JtPjLoyZV5 about #bitcoin #ethereum #cryptocurrency #crypto— kingscrown (@kingscrownBTC) October 24, 2018
ETH -0.05% · twitter.com · 6h

The post-Tether stablecoin wars have begun

The post-Tether stablecoin wars have begun:Paxos/TrueUSD - BinanceTrueUSD -BittrexGemini Dollar - GeminiCircle USDC - Coinbase Maker Dai - HitBTC (lol)— James Spediacci (@JamesSpediacci) October 23, 2...
ETH -0.05% · intelauthentic.com · 8h

Using Deep Learning to Predict ETH Prices

Ethereum prices have fluctuated wildly in the past year, with daily double digit percent gains and losses the norm in the current state of affairs. Intelligence Authentic LLC endeavors to understa...
ETH -0.05% · medium.com · 9h

How ICOs Attract Investors

In order to attract investors, blockchain ventures devise new and interesting ways to garner interest in their concept. The majority of blockchain projects choose a bonus structure or a combination…
ETH -0.05% · ec.europa.eu · 9h

European countries join Blockchain Partnership

On 10th of April 2018, 21 Member States and Norway agreed to sign a Declaration creating the European Blockchain Partnership (EBP) and cooperate in the establishment of a European Blockchain Services ...
ETH -0.05% · twitter.com · 11h

Coinbase on Twitter: "Coinbase is launching support for the USDC stablecoin. Starting today, Coinbase customers in supported jurisdictions can buy, sell, send, and receive USDC at https://t.co/bCG11KveHS and in our mobile apps. Learn more here: https://t.co/ZPKaIUAAsW… https://t.co/uKbSAXe0pv"

Coinbase is launching support for the USDC stablecoin. Starting today, Coinbase customers in supported jurisdictions can buy, sell, send, and receive USDC at https://t.co/bCG11KveHS and in our mobile ...
ETH -0.05% · cryptoblockchainevents.com · 11h

CoinGeek Week London

In November 2018, the true pioneers of cryptocurrency and blockchain will be converging at our CoinGeek Week Conference, allowing them to share their knowledge, experiences and discuss the unique a…
ETH -0.05% · medium.com · 12h

GPU support arrived to Golem Brass 0.18.0

We are stoked to present a new major update for Brass Golem — 0.18.0. This new update comes with all kinds of goodies, the most prominent of which is the one all of us have been waiting eagerly for —…