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Tencent launches Blockchain Accelerator to Drive Blockchain Adoption in China

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Chinese Internet company Tencent has launched a blockchain accelerator to help 30 startups in the implementation of blockchain in various industrial aspects.

Chinese Internet giant and operator of famous social media app WeChat, Tencent is all set to launch a blockchain accelerator. Tencent on its website officially confirmed the news. According to it, the “Tencent Industrial Accelerator” is ready to accelerate 30 startups irrespective of whether they are just starting up or matured. The only pre-requisite is that the applying startups must have at least one prior financial round. Tencent is accepting applications until the 6th of June. The application cost around 100,000 RMB, which amounts to just about $14,000. 

The announcement stated, “Tencent Blockchain Accelerator is an important part of Tencent Industrial Accelerator. By integrating global blockchain industry resources and linking excellent blockchain companies, a multi-dimensional service platform based on technology, scenarios, business opportunities, and capital is created to achieve strategic planning. All-round acceleration to the implementation of applications, jointly promote the independent innovation of blockchain technology, help the application of technical applications to the industrial scene, and jointly build an industrial prosperity ecology.”

Some of the areas on which the accelerator will focus are industrial blockchain solutions and blockchain applications for data sharing, supply chain financing, digital asset transactions, government affairs, energy, education, logistics, manufacturing, agriculture, and public welfare.

All the selected applicants will have access to one entire year of mentorship, along with Tencent’s blockchain-as-a-service platform. Moreover, they will also be presented with industry networking and business opportunities. 

 

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