Yesterday, Chinese tech giant Tencent launched its 2019 whitepaper on its blockchain development, with a section on Facebook’s Libra. Like other China-based firms and organizations, Tencent is concerned that Libra could threaten its payment service.
The excerpt first compares global blockchain platforms to China’s; “The public chains are represented by
Ethereum and
EOS, where DAPPs have great influence in the industry. The [enterprise] chains mainly use foreign
Hyperledger Fabric and domestic
FISCO BCOS as the technical platform,” it read.
Tencent pointed out its own
blockchain as a service (BaaS) along with ‘Ali’s’, referring to Ant Financial’s
Alibaba BaaS. In China, “Internet giants such as Tencent, Alibaba,
Baidu and
JD.com are looking for “blockchain+ solutions” in the fields of finance, medical care, e-commerce, public welfare and legal affairs,” it said.
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Image Copyright: Tencent
