The research team will also study other perspectives of blockchain technology to promote applications across wider sectors including cloud computing, new retail, supply chain, healthcare and philanthropy. This program will offer efficient and practical solutions for third party to process data without accessing sensitive information so as to improve data privacy. With Xunlei’s infrastructure support of ThunderChain and Thunder Chain File System (TCFS), HKUST’s world-class researchers and Xunlei’s technology experts will work together to improve existing consensus algorithm and explore brand new model, enabling individual users to share idle computing resources with small-sized hardware while establishing an overall blockchain system with higher security level so as to achieve sharing economy of computing network.Īnother joint research project is to develop an encryption program that is applied to blockchain technology. Key research topics include consensus algorithm, cryptography and data protection. Leveraging on HKUST’s strong research capabilities and Xunlei’s solid industry experience, a series of blockchain technology initiatives and development will be carried out under the Joint Lab. CHEN Lei, Chief Executive Officer of Xunlei and Onething Technologies. Nancy IP, Vice-President for Research and Development of HKUST, and Mr. LAI Xin, the Chief Engineer of ThunderChain at Xunlei, signed the collaborative agreement under the witness of Prof.

Tim CHENG, Dean of Engineering of HKUST, and Ms.

The Joint Lab aims to develop cutting-edge and influential blockchain technologies that are applicable to various industries and establish a high-performance blockchain ecosystem in the Guangdong-Hong Kong-Macao Greater Bay Area.Ī signing ceremony was held at HKUST campus, marking the official launch of the joint lab and research collaboration. The Hong Kong University of Science and Technology (HKUST) and Xunlei Limited (“Xunlei” or the Company) (Nasdaq: XNET) today announced the establishment of HKUST-Xunlei Joint Laboratory on Blockchain Technology (the “Joint Lab”).

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