Tencent Taps Intel's Hardware for IoT Blockchain Solution

Chinese internet giant Tencent and chip maker Intel are teaming up on hardware-based blockchain security for the Internet of Things.

AccessTimeIconSep 13, 2017 at 11:04 a.m. UTC
Updated Sep 13, 2021 at 6:55 a.m. UTC
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Chinese internet conglomerate Tencent announced a blockchain research partnership with multinational tech corporation Intel at a conference yesterday.

The deal, which will see a new R&D lab established in Wuxi, Jiangsu Province, aims to fuse Intel Core technology with the Tencent User Security Infrastructure (TUSI) standard to develop a secure blockchain system for the Internet of Things (IoT).

The effort aims to develop accounts secured by "hardware keys and blockchain," so that IoT devices can "enjoy unified security capabilities," a local news source states.

Intel has been pursuing blockchain technology for some time, with a particular emphasis on its own hardware-based security. As reported by CoinDesk, the firm uses so-called "software guard extensions" (SGXs) to create secure enclaves within its processors to protect vital data.

Tencent, which notably developed the WeChat messaging app, also has a history with blockchain technology. Back in April, the company released a white paper detailing a suite of blockchain services currently in development. And, in June, the firm revealed work with Bank of China on a blockchain research effort.

Tencent event booth image via Shutterstock

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