On June 1, Tencent Cloud announced it is establishing an ‘Industrial Blockchain Alliance’, a Securities Times report said. Tencent plans to recruit 100 members, including enterprises, industry associations, investment firms, universities, and think tanks.
Tencent, the owner of WeChat, is among the top blockchain players in China and has also registered numerous blockchain patents.
The new consortium will explore blockchain standards, core technology development, and potential applications. To meet these targets, it will form a standards committee, a technical committee, and a business ecosystem committee.
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