Xunlei establishes joint laboratory with HKUST

Globe NewsWire covered news about Xunlei Limited along with Hong Kong University of Science and Technology, had established HKUST-Xunlei Joint Laboratory on Blockchain Technology. The development was on 17 June.

Globe NewsWire conveyed that the Joint Lab aims to develop cutting-edge and influential blockchain technologies. These would be applicable to various industries and establish a high-performance blockchain ecosystem in the Guangdong-Hong Kong-Macao Greater Bay Area. The news major clarified that a signing ceremony was held at HKUST Campus to officially launch the operation of the Joint Lab and research collaboration.

Professor Tim Cheng, the Dean of the Faculty of Engineering of HKUST cited –

“HKUST strives to achieve pioneering research and promotes technological innovation. Through the establishment of this Joint Lab, not only will it facilitate academic exchange and industry collaboration, it will also bring more learning opportunities for our students to equip with the advanced blockchain technologies and knowledge, contributing to the development of future technology talents.”

Globe NewsWire clarified that by leveraging HKUST’s strong research capabilities and Xunlei’s solid industry experience, a series of blockchain technology initiatives would be carried out under the Joint Lab. The news major indicated that the key research topics would include consensus algorithm, cryptography, and data protection. Globe NewsWire suggested that HKUST’s reputed researchers and Xunlei’s technology experts would work together on a joint research project.

The Joint Lab aims to develop cutting-edge and influential blockchain technologies.

Similarly, Globe Newswire shared news about the collaboration between Clic Technology and Opporty to harbor Ethereum purchases on Amazon. The new offer would be a progressive browser extension which will change the e-commerce industry. It would allow consumers to make domestic purchases on Amazon using the open source, public, blockchain-based distributed computing platform Ethereum.

Mr. Lei Chen, Chief Executive Officer of Xunlei, opined – “We are very excited to partner with world-leading institutions like HKUST to explore use cases of blockchain and translate these insights into impactful applications, together contributing to technological and economic development. We also hope the young generation will join us in this endeavor to make blockchain technology widely used and working for a better future.”

Globe NewsWire finally added key industry engagements of Xunlei. Globe NewsWire noted that founded in 2003, Xunlei Limited is a leading innovator in shared cloud computing and blockchain technology. Xunlei provides a wide range of products across shared cloud computing, cloud acceleration, blockchain, and digital entertainment to deliver an efficient cum smart internet experience.