Tencent receives patent for blockchain-based missing persons poster

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

The patent consists of a knowledge era 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 mentioned within the patent software that the design seeks to enhance the effectivity of on the lookout for lacking individuals.

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Tencent has been an early experimenter of blockchain expertise amongst huge tech corporations, particularly concerning the exploration of prospects for integration with fee expertise, though its efforts have been impeded considerably by China’s robust regulation surrounding crypto. But, its “FISCO BCOS” coinless blockchain developed collectively with Chinese language telecom large Huawei in 2018 for constructing decentralized functions stays energetic till at the present time. 

In early July, Tencent shut down one in every of 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 presently embarking on a centralized method to blockchain expertise, 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 straight into the recipient’s account within the digital yuan and used for spending.