{"id":113882,"date":"2020-11-17T19:47:24","date_gmt":"2020-11-17T16:47:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tencent-joins-forces-with-sharering-to-launch-blockchain-digital-id-platform\/"},"modified":"2020-11-17T19:47:24","modified_gmt":"2020-11-17T16:47:24","slug":"tencent-joins-forces-with-sharering-to-launch-blockchain-digital-id-platform","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tencent-joins-forces-with-sharering-to-launch-blockchain-digital-id-platform\/","title":{"rendered":"# Tencent joins forces with ShareRing to launch blockchain digital ID platform"},"content":{"rendered":"<p>&#8220;<strong># Tencent joins forces with ShareRing to launch blockchain digital ID platform <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvYTA3NWViNzMtM2RjNy00MWM4LWEwODktOTY1MzIwZjdjYjA2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Chinese conglomerate Tencent Holdings is joining forces with blockchain company ShareRing to launch a new digital identification system to streamline international <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> amid the pandemic.\u00a0<\/p>\n<p>As the South China Morning Post <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3110177\/tencents-cloud-tech-helps-blockchain-firm-manage-digital-records-get\">reported<\/a> Tuesday, ShareRing will combine its distributed ledger <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> with Tencent\u2019s cloud services to create a blockchain-based digital identity management platform. <\/p>\n<p>Specifically, ShareRing will use Tencent Cloud\u2019s optical character recognition, or OCR, and facial recognition technology to help improve its \u201cself-sovereign identity <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>.\u201d In its current form, the app can be used to book flights, hotel reservations, car rentals and a variety of other services. <\/p>\n<p>In a joint statement, Tencent and ShareRing said the aim of this partnership is to help Southeast Asian countries \u201creopen their borders to tourism and recover from the economic blow\u201d of COVID-19. <\/p>\n<p>The travel and tourism industry has been ravaged by global lockdowns, with S&amp;P Global Ratings <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/200812-from-bad-to-worse-global-air-traffic-to-drop-60-70-in-2020-11610389\">forecasting<\/a> a 60% to 70% drop in global air traffic this year.\u00a0<\/p>\n<p>The companies indicated that the platform has already received interest from various government agencies in the Association of Southeast Asian Nations, or Asean, which <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/asean.org\/asean\/asean-member-states\/\">includes<\/a> ten member states. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template>Blockchain technology has long been touted as a potential value driver of digital recognition systems. The blockchain is said to provide more secure management and storage of digital identities, which may enable seamless travel, background checks, health record collection and streamlined KYC protocols. <\/p>\n<p>This isn\u2019t the first time Tencent has been linked to blockchain product development. As Cointelegraph previously reported, the tech conglomerate previously built a wine traceability platform for China\u2019s oldest wine producer. Tencent is also backing a blockchain consortium called FISCO BCOS through its WeBank entity.\u00a0<\/p>\n<p><em>ShareRing did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to a request for comment. <\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tencent-joins-forces-with-sharering-to-launch-blockchain-digital-id-platform\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Tencent joins forces with ShareRing to launch blockchain digital ID platform &#8221; Chinese conglomerate Tencent Holdings is joining forces with blockchain company ShareRing to launch a new digital identification system to streamline international travel amid the pandemic.\u00a0 As the South China Morning Post reported Tuesday, ShareRing will combine its distributed ledger technology with Tencent\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":113883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/a075eb73-3dc7-41c8-a089-965320f7cb06.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,76320,76174,80341],"class_list":["post-113882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-identification","tag-identity","tag-tencent"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/113882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=113882"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/113882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/113883"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=113882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=113882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=113882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}