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Tencent Awarded Patent for Missing Persons Poster Based on The Blockchain

It took three years for the simple patent idea to receive regulatory clearance....
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It took three years for the simple patent idea to receive regulatory clearance. Local news outlet 36kr.com reports that Tencent, a Chinese technology conglomerate, recently was granted a patent for a blockchain-based poster showing missing persons.

From December 2019, when the first submission was made, it took almost three years for the patent to be granted.

The patent is a request for data generated by the user upon submission of information about a missing person. The public announcement of the proposal takes place on the blockchain to verify. Once consensus is reached on the request, it’s stored in the public blockchain and sent to nodes to broadcast to a wider audience. Tencent stated in the patent application that this design aims to increase the efficiency of searching for missing persons.

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Tencent was a pioneer in blockchain technology for big tech companies, particularly when it came to exploring the integration of payment technology with it. However, its efforts were hampered somewhat by China’s strict crypto regulations. Despite this, Tencent’s ” FISCO BCOS”, a coinless blockchain that was developed in partnership with Chinese telecom giant Huawei in 2018, for the development of decentralized applications, is still active.

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Tencent closed down its non-fungible tokens platform in July after the Chinese government clarified it doesn’t allow private transactions to be conducted post-purchase.

China is now adopting a centralized approach to blockchain technology. This policy favors its digital-yuan digital currency (e-CNY), which is used by the central bank of China, over digital tokens created by private companies. The country launched its first ever e-CNY-enabled Social Security Card last week. This allows welfare to be deposited directly into the account of the recipient in the digital yuan, and can then be used for spending.

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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