Tencent releases blockchain white paper, aiming to build an enterprise-level blockchain infrastructure platform

Recently, Tencent FiT (Payment Infrastructure and Financial Application Line) and Tencent Research Institute officially released Tencent's first blockchain solution white paper: Trusted Blockchain TrustSQL. The white paper summarized Tencent's research results on blockchain this year for the first time and systematically introduced its Tencent Trusted Blockchain.

Tencent Trusted Blockchain is positioned to build a leading enterprise-level blockchain infrastructure platform. It is reported that Tencent Blockchain uses a self-developed efficient adaptive consensus algorithm to ensure that the transaction is confirmed when the consensus is completed, and optimizes other links in the transaction confirmation process, such as signature algorithms and ledger storage methods, to achieve transaction confirmation in seconds. The business access cost is low, and SQL access is supported to reduce the workload of business development; in terms of security, it provides a rich set of permission strategies, a secure key management system and user privacy confidentiality solutions to ensure data security; in terms of operation monitoring, it provides a comprehensive, real-time, and visual operation and maintenance management system to quickly identify system status and meet the operation and management needs of multiple levels.

The white paper introduces that under the guidance of the design principles of "independent innovation, security and efficiency, openness and sharing", the overall architecture of Tencent's trusted blockchain solution is divided into three levels:

The underlying layer of Tencent Blockchain is the Trust SQl platform independently developed by Tencent. Trust SQL provides blockchain basic service functions for upper-level application scenarios through SQL and API interfaces.

In the middle is the platform product service layer, Trust Platform, which builds a high-availability and scalable blockchain application basic platform product on the bottom layer (Trust SQL). It includes shared ledgers, authentication services, shared economy, digital assets and other directions, integrates basic product functions in related fields, and helps enterprises quickly build upper-level blockchain application scenarios.

The application service layer (Trust Application) provides trusted, secure and fast blockchain applications to end users. In the future, Tencent will work with industry partners and their technology suppliers to jointly explore the development direction of industry blockchain and promote the implementation of blockchain application scenarios.

In terms of application scenarios, from the perspective of blockchain application value, the white paper also summarizes the usage scenarios of Tencent's blockchain solutions, which are divided into five categories: authentication and proof, shared ledger, smart contracts, shared economy, and digital assets.

In fact, Tencent has been conducting continuous research and development work on blockchain technology for a long time. At the 2016 China FinTech Innovation Conference, Tencent FiT Deputy General Manager Guo Rui emphasized in his keynote speech on blockchain that the emergence of blockchain technology provides a feasible solution to solve the industry and user pain points such as information asymmetry and trust crisis in today's Internet. Tencent's exploration of blockchain aims to establish a new online financial ecology of mutual trust, and promote the development of the sharing economy from three aspects: sharing Tencent's internal experience and basic capabilities, sharing Tencent's capabilities with merchants, and creating an intelligent cloud ecology for the sharing economy.

Tencent has officially launched a market-oriented blockchain solution, hoping to provide new technology to its Internet financial business, which mainly includes payment and financial applications, while also bringing a safer and more efficient blockchain experience to users from all walks of life.

Download the full text of the white paper: http://8btc.com/doc-view-1294.html