Global News

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.

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region. Lara worked with Unlock Blockchain until 2022.

Related Articles

Back to top button