Tencent
Basics
- Based in Shenzen, China
- From Forbes Blockchain 50 (19-2-2020):
"The Chinese internet titan is helping build a trade finance blockchain application to simplify bulk metal purchases. For example, commodity e-commerce company Gangjuren is working with Tencent and several small and medium-size steel traders to simplify the financing process. The blockchain technology works by collecting enormous amounts of traceable data about metals in a warehouse, enhancing the creditworthiness of warehouse receipts. The sale and purchase of metals can then be accelerated because all parties involved are using the trusted information from the blockchain. As of September 2019, transaction value had exceeded $100 million."
"Has launched a blockchain accelerator, and it plans to mentor 30 companies developing blockchain-based technologies and services. According to research by The Block, Tencent filed the most blockchain patent applications last year – 718 out of over 5,800 in total – followed by Alibaba, which filed 470. The company was also included in China’s national blockchain committee announced earlier this month, joining other prominent members Baidu, Huawei, and Peking University."
Tech
- Will use (19-2-2020): TrustSQL, Hyperledger Fabric
Roadmap
Usage
Competition
Pros and Cons
Team, investors, Partnerships, etc.
Team
- Key Executive: Carlos Hu, head of blockchain team
