The venturecapitalwing of the native newspaper of theCommunist Partyof China [CCP] — People’s Dailyon-line— has recently signed a deal for a strategic deed on a blockchain laboratory, in line with a pressrelease.
People’s Capital signed adeed of partnership withShenzhen-based technology company XunleiLtd. As per the terms of the agreement,the 2corporationscanconstruct a laboratory for “technology innovation” at thePeopleCapital’s BlockchainanalysisInstitute.
In addition to researching blockchain application innumeroususe cases, the partnerswould alsobuild a “high-level industrial service platform”to arrangecompetitions, seminars, workshops, and promote anddetermine startupswithin theblockchainecosystem.
In line with the press-release, the laboratoryis a part of an initialworld-wide partnership agreement signed by People’s Dailyon-lineand XunleiLtdon22nd Julyof this year.
The People’s Dailyon-lineis theon-lineversion of the People’s Daily,thatwaslaunched backin 1948. Since the publication’sorigin, the People’s Daily has been directly controlled bythe majorleadership of the CCP.
Earlier in the year 2012,the webversion went public on the Shanghai stock exchange,transforming intothe primarynewsweb-site within thecountry to be listed on the A-share market. The publication iswideconsidereda mouthpiecefor statepolicies and positions.
XunleiLtdcould be ablockchain infrastructuresupplierandis additionallycalledthe “BitTorrent of China” for developing the Xunleitransfermanager, a peer-to-peersoftwarethat supportsHTTP, FTP, and BitTorrent protocols.
Even earlier this year, the CCPrevealeda primer on blockchain technology and itspotentialapplications. Ye Zhenzhen,general managersof the People’s Daily thenstatedthatthe foremostimportant part ofblockchain technology is its “operating mechanism.” He added, “Through the ingenious combination of technologies, thefair distribution of resources is completed.”