Meet Top 10 Teams at Xunlei Blockchain Applications Global Challenge

Chinese tech company and ever-growing blockchain player Xunlei has announced the top ten teams competing in a global event. Ten teams from the US and China have been shortlisted in the Xunlei’s 2018 Blockchain Applications Global Challenge. The selected projects cover multiple sectors and application scenarios, including social network, healthcare, public welfare, sports, product identification and information verification

This year, the Blockchain Challenge saw a massive turnout of 2000 participants with education background from top universities around the world including the University of California, University of Alberta, Hong Kong Polytechnic University, Peking University, Renmin University of China and Zhejiang University. By closing, submissions have seen more than 500 applications ranging from gaming to sports and IP protection to healthcare in the forms of Java, PHP, Android, WinForms, Go, Solidity, H5, js, HTML, web3js.

BOOSTO is the American representation who is creating an influencer driven decentralized app store.  They set out to tear down the current ecosystem in which online content creators and influencers are beholden to big-name advertisers and developers taking their desired cut, a problem that is familiar to content creators on platforms like Youtube. BOOSTO vows to return the power to content creators, by allowing the influencers to connect with developers building DApps in order to facilitate the type of interactions befitting their respective communities. The open ecosystem will provide the transparency necessary for developers, advertisers, content creators, and consumers to benefit off of a fairer revenue share.

Another team wrestling for the winning title is Love Medical Team- they are creating a blockchain application to bring back trust and transparency to the doctor-patient relationship. The application registers physicians’ professional qualifications on the blockchain. It also protects the IPR of medical works and safeguards them in a traceable and falsification-proof manner by hosting key information, such as their timestamps, content hash, authors on the blockchain.

Share Chain+, the blockchain application team at VIP.com is also shortlisted in the competition. VIP.com is a leading online discount retailer for brands in China. The team deals with the integration of blockchain in e-commerce, more precisely in the tracking and tracing of brand products from “farm to table”. By establishing a tamper-proof traceability chain from provenance to market, businesses are thus able to offer transparency and instill confidence all around. Another team has entered with a similar idea to trace Turquoise stones back to the mines. Their project will prove especially popular in a time when people actively seek out conflict-free stones in a market flooded with fakes, controversies, and scams.

Startups and professional developers are not only competing at the event as an opportunity for technical exchange but also a chance to access blockchain resources powered by Xunlei’s technology and user base. Together, the teams have been invited to develop decentralized apps on ThunderChain, a high-performance blockchain platform boasting the ability to concurrently conduct millions of transactions per second. According to one participant who works at a supply chain company,

“Thunderchain is a highly efficient blockchain platform. We wish to institute a supply chain coalition via Thunderchain, thus solving financing dilemmas of small to medium enterprises and enabling interaction and learning with professionals.”

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