Chinese Tech Company Launches Blockchain File System

Chinese Tech Company Launches Blockchain File System

Major Chinese technology company Xunlei, also known as the BitTorrent of China, announced July 6 that it has launched a new blockchain-based file system to support blockchain platforms.

The cloud provider said in its statements that its new distributed file system “ThunderChain File System”, as well as 3 TRC (ThunderChain Request for Comments) standards aim to support blockchain development. The new system seeks to combine features of platforms like filecoin and IPFS, and introduce new features like flexibility and new security.

The company launched the system at a ceremony hosted in the Chinese city of Shenzhen, right before it announced the winners of an “international blockchain application competition” sponsored by the company.

Back in April, the company first announced that it was launching ThunderChain File System when it also claimed that its new blockchain platform is capable of processing millions of transactions per second.

According to Friday’s release, the ThunderChain File System has been specially designed and built for blockchain platforms such as ThunderChain. The TRC standards will allow third parties to build upon Xunlei’s blockchain, helping build up the ecosystem.

Lei Chen, CEO of the company, said in a statement that Xunlei wants to amplify the power of individuals through its “technological innovations.” He added:

“That is why we introduced ThunderChain File System and other new initiatives as we continue to help developers unleash the real value of blockchain. We are also delighted to see a large number of practical blockchain projects developed during the challenge and would like to thank everyone for their great contribution.”

Xunlei entered the blockchain industry in October last year and has since been subject to two lawsuits over an alleged ICO (Initial Coin Offering) from its investors.

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