The leading cloud-based bandwidth acceleration technology company in China Xunlei launched the ThunderChain File System (TCFS) and three TRC Smart Contract Standards to sustain the development of blockchain applications.
The TCFS is a distributed file system for data storage and authorized distribution. The three standards were published to aid blockchain developers, and companies to lessen costs and build a ThunderChain ecosystem.
These standards are TRC1 (token standard, compatible with ERC20), TRC2 (non-fungible token standard, compatible with ERC721) and TRC2-1 (authorizable non-fungible token standard).
The Chief Executive Officer of Xunlei, Mr. Lei Chen, stated;
“Xunlei is committed to amplifying the power of individuals through technological innovation. That is why we introduced ThunderChain File System and other new initiatives as we continue to help developers unleash the real value of blockchain.”
The news was revealed during a ceremony in Shenzhen, China, prior to the company’s revelation of the winners of its sponsored international blockchain application competition.
In addition, the competition, which started in late April, had approximately 2,000 participants from China and overseas to develop blockchain applications that focus on critical issues facing multiple sectors.