BlockCDN Partnering With Chinese Media Giant to Test New Network

BlockCDN Partnering With Chinese Media Giant to Test New Network

HONG KONG — In preparation for its November 28 ICO, BlockCDN will test its decentralized computer resource pooling technology with Youku, China’s top online content provider. With a goal of disrupting the content delivery network (CDN) industry, valued at $6 billion USD, the company has developed a blockchain-based trading platform where people “demanders” can purchase computing power from “sharers” to help fulfill workloads. To join as a sharer, people can connect their smartphones, tablets, computers and TV boxes to the platform. BlockCDN CEO Tony Long said in a press release that his....


Related News

BlockCDN Announces ICO After Signing Youku to Try its Platform

BlockCDN, a Chinese blockchain-based platform has come up with a unique solution that can potentially make all the CDN industry's problems go away. “Content is King”, a well-known quote, presumably by Bill Gates, holds good on today’s internet. The increased need for content has created a demand for huge amounts of computing power for content distributors. While there is a lot of money to be made through advertising revenues and subscriptions, content distribution networks are constantly trying to expand their infrastructure to meet their ever-increasing bandwidth requirements. BlockCDN, a....

BlockCDN TV Box Miner Uses Spare Bandwidth to Make Coin

Chinese startup BlockCDN has announced the release and ICO for its set-top box miner, which uses spare bandwidth to mine cryptocurrencies. BlockCDN Miner is ‘Internet Waste Officer’. The software, currently only available for Android TV set-top boxes, is built on Ethereum smart contracts. The aim of the company is to create a content delivery network (CDN), which uses spare capacity to deliver content via a P2P network. “BlockCDN is a waste recovery officer for the Internet,” CEO Tony Long commented in a Medium post Thursday. The mining software is downloadable, with users needing to enter....

Rumours of BTC China Deal with Chinese Retail Giant Suning 'Are False'

The bitcoin community has been abuzz about news that Chinese retail giant Suning is in talks with BTC China, the world's largest bitcoin exchange by volume, about integrating bitcoin payments into the retailer's e-commerce platform. But Bobby Lee, BTC China's founder, says the news is not accurate. "Sorry, I have actually not heard about this. Where did you see this?" Lee wrote in an e-mail after CoinDesk contacted him for clarification on the supposed partnership. News about a supposed deal between the two firms discussed on reddit four days ago. The reddit post pointed to an article....

Chinese Social Media Giant Tencent Forced To Shut Down NFT Marketplace

Chinese regulatory scrutiny of cryptocurrencies has since made its way into the NFT space, as expected. However, what started out as just a regular deterrent to citizens from investing in NFTs has spread to the platforms that offer such services. One of the platforms that came under fire was Huanhe, an NFT marketplace that was […]

Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost...

China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. New App Provides Access to CBDC Wechat, one of China’s biggest messaging and payment apps, is reportedly set to support the digital yuan, China’s CBDC. The addition of the CBDC to the social platform is expected to boost the adoption....