{"id":893,"date":"2023-10-24T03:59:01","date_gmt":"2023-10-23T19:59:01","guid":{"rendered":"https:\/\/www.hiredchina.com\/articles\/2023\/10\/24\/what-is-blockchain-and-why-is-wechat-and-union-pay-using-it\/"},"modified":"2024-07-06T22:34:32","modified_gmt":"2024-07-06T14:34:32","slug":"what-is-blockchain-and-why-is-wechat","status":"publish","type":"post","link":"https:\/\/www.hiredchina.com\/articles\/what-is-blockchain-and-why-is-wechat\/","title":{"rendered":"What Is Blockchain And Why Is Wechat And Union Pay Using It?"},"content":{"rendered":"

Chinese tech giant Tencent, which owns WeChat business, announced a blockchain research partnership with multinational tech corporation Intel at a conference earlier this month.<\/p><\/blockquote>\n

Chinese tech giant Tencent, which owns WeChat business, announced a blockchain research partnership<\/a> with multinational tech corporation Intel at a conference earlier this month.<\/p>\n

Meanwhile, documents released in late September by the State Intellectual Property Office of the People’s Republic of China,\u00a0China UnionPay, the payment card giant, is going to patent a system for connecting\u00a0a network using\u00a0blockchain technology.<\/p>\n

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It details a concept by which a group of ATMs acts as nodes within a blockchain-powered network, sharing transactions through a distributed database in a bid\u00a0to achieve a higher degree of security and uptime.\u00a0<\/strong><\/span><\/span><\/p>\n

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