Tencent Opens Applications For Its New Blockchain Accelerator
April 30, 2020
Tencent Opens Applications For Its New Blockchain Accelerator
April 30, 2020

Chinese multinational conglomerate company Tencent is launching a blockchain accelerator. 

On April 29 Tencent announced that that the “Tencent Industrial Accelerator” is open to both early-stage and mature blockchain startups, with a total of 30 places available. Applications are being accepted until June 6.

To qualify, projects must have at least one financing round behind them. Tencent’s blockchain accelerator will focus on a variety of recruitment areas including:

  • Industrial blockchain solutions
  • Blockchain applications for data sharing
  • Supply chain financing
  • Digital asset transactions

Other recruitment areas will focus on blockchain for sectors such as government affairs, energy, education, logistics, manufacturing, agriculture and public welfare.  

Successful applicants will be given four mentoring meetings throughout the year, a host of industry networking and business opportunities, and access to Tencent’s blockchain-as-a-service platform.

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They will also have a chance to make an overseas visit connected to their blockchain industry area of interest.

Development areas of interest in Tencent’s announcement include smart contract security, trusted identity and computing solutions, multi-party governance mechanisms and consensus algorithms. 

Shortlisted projects will be announced for a second round of judging at the end of June. The cost per person for participation in the accelerator will be 100,000 RMB (over $14,000).


Source: Cointelegraph | Image: Pexels

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