Tencent China develops Blockchain platform
Tencent Holding, a Chinese Investment holding company, with subsidiaries in media, entertainment, payment, internet, and mobile phone value added services is developing its own Blockchain platform. The platform is called TrustSQL. It will be used to support Blockchain cloud services. It includes low cost fast access security an efficient consensus algorithm and transaction confirmation in seconds.
Tencent, in their white paper, believe that Blockchain can build a more reliable internet system. The TrustSQL platform has three layers; a core chain layer, a product service layer and an application layer. The platform provides a framework for application development. It includes application models such as proof certificates, digital assets, shared books, stock swaps and proprietary transactions.