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Tencent receives patent for blockchain-based missing persons poster

In line with native information outlet 36kr.com, Chinese language know-how conglomerate Tencent lately received a novel patent for a blockchain-based lacking particular person’s poster. The patent took almost three years to be awarded from the date of its first submission in December 2019.

The patent consists of an information technology request upon person submission that an individual has gone lacking. The proposal is then unveiled publicly on the blockchain for verification. As soon as a consensus has been reached concerning the request, it’s then saved within the public ledger and forwarded to nodes for broadcasting to a wider viewers. Tencent stated within the patent utility that the design seeks to enhance the effectivity of searching for lacking individuals.

Tencent has been an early experimenter of blockchain know-how amongst huge tech corporations, particularly concerning the exploration of prospects for integration with cost know-how, though its efforts have been impeded considerably by China’s powerful regulation surrounding crypto. But, its “FISCO BCOS” coinless blockchain developed collectively with Chinese language telecom big Huawei in 2018 for constructing decentralized functions stays lively till this present day.

In early July, Tencent shut down one among its nonfungible tokens platforms after the Chinese language authorities clarified that it doesn’t permit customers to conduct non-public transactions post-purchase, together with declining gross sales.

China is at present embarking on a centralized strategy to blockchain know-how, with coverage considerably favoring its digital-yuan (e-CNY) central financial institution digital foreign money as a substitute of the digital tokens developed by non-public corporations. Final week, the nation rolled out its first-ever e-CNY-enabled Social Safety card, which permits welfare to be deposited immediately into the recipient’s account within the digital yuan and used for spending.

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