Tencent and ShareRing to develop blockchain-based digital identity system

Chinese conglomerate Tencent Holdings collaborates for Shareing to launch a new digital identification system on the blockchain, which will simplify international trips in the conditions of pandemia Covid-19.

According to South China Morning Post, Sharring will combine its distributed technology Register with Tencent cloud services to create a digital identification platform on the blockchain.

Sharring will use the Tencent Cloud text recognition technology in the application for identification.. In the current version of the application, you can book airlines and hotels, and also rent cars.

Tencent and Sharring, that the purpose of this partnership is to help the countries of Southeast Asia "Open their borders for tourism and recover from an economic blow", caused by pandemia Covid-19.

Companies note, that the platform has already aroused interest from various state institutions of the Association of Southeast Asia, which includes 10 countries.

Tencent is not the first time participating in the development of projects on the blockchain. In April, the Internet bank Tencent Webank integrated DAML smart contracts into the technical infrastructure of the Blockchain-Bassed Service Network Alliance. (BSN) In China.

In the same month, Tencent launched an accelerator for companies, working with blockchain, and in the summer I submitted several new patents for patents, associated with blockchain, including decisions on fund management and advertising.