The laboratory will be under the purview of People Capital’s Blockchain Research Institute, which serves as a research platform focusing on distributed ledger technology. Speaking on the announcement, Xunlei CEO Lei Chen said the partnership highlights the company’s focus on research and development of blockchain-related technologies and the ecosystem as a whole. He also commented on the company’s ThunderChain, which it says would be developed further and launched on a mainnet.
Under the partnership, People Capital and Xunlei will build a blockchain laboratory which will be used to explore meaningful use cases for blockchain technology across various business sectors. In addition to the laboratory, the alliance will see the creation of a service platform for organizing offline fintech events, workshops, and competitions to share, identify, and promote innovation in DLT startups.
It was reported that the launch of the world’s first blockchain identity laboratory called the Blockpass Identity Lab. Launched as part of a £600,000 collaboration between Hong Kong-based blockchain-based identity firm Blockpass IDN and the Edinburgh Napier University, the research facility will apply distributed ledger technology toward the protection of personal data.
The ThunderChain Open Platform is a decentralized file storage system, which Xunlei claims can process “over 1 million transactions per second and is embedded with strong scalability and stability.”