Xunlei Unveils New Blockchain Advancements and Announced Winners of Blockchain Applications Global Challenge
SHENZHEN, China, July 06, 2018 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq:XNET), a leading cloud-based bandwidth acceleration technology company in China, announced today that it has launched the ThunderChain File System (TCFS) and three TRC Smart Contract Standards to support the development of blockchain applications. The Company also revealed the winners of Xunlei Blockchain Applications Global Challenge final tournament held in Shenzhen.
ThunderChain File System (TCFS), based on Xunlei’s proprietary distributed technology and millions of shared computing nodes, is a distributed file system for data storage and authorized distribution. It is built specifically for blockchain platforms including ThunderChain and other platforms. Blockchain developers and enterprises can build decentralized applications (DApps) with distributed data storage and integration, possessing the improved capabilities in openness, transparency, non-temper ability, traceability, reliability, security and encryption, mass storage and authorization. In addition to TCFS, Xunlei published three ThunderChain Request for Comment (TRC) standards to help blockchain developers and companies reduce costs and build a ThunderChain ecosystem. These standards are TRC1 (token standard, compatible with ERC20), TRC2 (non-fungible token standard, compatible with ERC721) and TRC2-1 (authorizable non-fungible token standard).
Xunlei announced the winners of Xunlei Blockchain Applications Global Challenge. The challenge, launched in late April, had over 2,000 participants from China and overseas to develop blockchain applications that address critical issues facing multiple sectors. The panel of judges consisted of blockchain professionals from various backgrounds, including professors and industry experts from George Washington University, Tsing Hua University and Renmin University of China. China Communication Industry Association is the advising organization of the challenge.
Mr. Lei Chen, the Chief Executive Officer of Xunlei, stated, “Xunlei is committed to amplifying the power of individuals through technological innovation. That is why we introduced ThunderChain File System and other new initiatives as we continue to help developers unleash the real value of blockchain. We are also delighted to see a large number of practical blockchain projects developed during the challenge and would like to thank everyone for their great contribution.”
About Xunlei
Xunlei Limited ("Xunlei") is a leading cloud-based acceleration technology company in China. Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. Xunlei is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones. Benefitting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.
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