According to a report, Chinese tech giant Tencent secured a distinctive patent for a blockchain-based missing persons poster on August 22. The patent comprises a data-generating request once a user submits a missing person report. The concept will then be made publicly accessible on the blockchain for validation.
The request is placed into the public ledger and sent to nodes as soon as it has been granted, enabling it to be broadcast to a wider audience. As stated in Tencent’s patent application, the idea intends to improve the efficiency of missing person searches.
Tencent has been one of the leading early adopters of blockchain technology among major internet companies, especially when it comes to examining potential for integration with payment technology, despite the fact that its efforts have been somewhat limited by China’s strict regulations surrounding cryptocurrencies. With the formation of an industry consortium to lead the development of a standardised framework for blockchain technology, Tencent is establishing itself as a significant pioneer in China’s IT sector.
In order to boost the tourism industry, which has been severely hurt by the COVID-19 outbreak, Tencent has teamed up with blockchain startup ShareRing to build a blockchain-powered digital document and identity management solution. In 2020, the business declared that it would spend 500 billion yuan ($70 billion) over the following five years on cutting-edge technologies including blockchain, artificial intelligence (AI), cloud computing, and cybersecurity.