In line with native information outlet, Chinese language know-how conglomerate Tencent just lately obtained 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 an information 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 relating to the request, it’s then saved within the public ledger and forwarded to nodes for broadcasting to a wider viewers. Tencent stated within the patent utility that the design seeks to enhance the effectivity of searching for lacking individuals.

Tencent has been an early experimenter of blockchain know-how amongst huge tech corporations, particularly relating to exploring potentialities for integration with cost know-how, 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 big Huawei in 2018 for constructing decentralized functions stays energetic till today. 

In early July, Tencent shut down certainly one 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 at present embarking on a centralized strategy to blockchain know-how, with coverage considerably favoring its digital-yuan (e-CNY) central financial institution digital forex as an alternative 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.