Xunlei's ThunderChain addresses trust, security challenges in internet era

Real world application

In November, Xunlei provided technical support for Guangzhou Financial Blockchain Credit Platform.

According to Xunlei, records on the platform, collected from reliable organizations, are accurate, traceable, and resistant to modification, and break information asymmetry among businesses and financial organizations. The platform can help banks better manage bad debt risks and judge the solvency of a business efficiently and accurately. It will further help to solve problems such as financing difficulties for small and medium-sized enterprises and government agency supervision.

ThunderChain is also applicable in supporting data sharing and strengthening cooperation among government departments.

Xunlei has developed a Thunder-Chain-powered government service platform, through which users from different government departments can quickly access reliable and unified data. The platform reduces government working procedures, enhances government work efficiency and supports governments' missions of streamlining services for businesses and individuals, according to Xunlei.

ThunderChain is also helpful in collecting and storing electronic evidence.

According to the company, without blockchain technology, many problems exist in electronic evidence generation such as loss of evidence, forgery and falsification of evidence stored on hardware.

In dealing with these problems, Xunlei uses the ThunderChain File System, based on the company's proprietary distributed technology and millions of shared computing nodes, to ensure data storage security and authorized access.

ThunderChain is also used by foreign partners in the healthcare sector. In 2019, Xunlei won the contract for a Thailand academic institution to build blockchain infrastructure for its affiliated healthcare facilities. The system offers interconnection and traceability in addition to the protection of patient privacy, facilitating the implementation of a comprehensive health information system in Thailand.

Looking ahead, Xunlei plans to share its independently developed blockchain achievements with its peers and make ThunderChain an open-source system to support more applications of blockchain technologies in China.

"The movement will help create a more open and reliable blockchain ecosystem," Chen said. "It will also speed up China's progress in the development of core blockchain technologies and support development across a variety of sectors."