Tencent also signed a cooperation framework agreement with Intel to develop blockchain technology for Tencent's TUSI IoT (Internet of Things) laboratory and promote the establishment of security capabilities in Internet of Things applications.

Blockchain is a new application mode in distributed data storage, point-to-point transmission and encryption algorithms for computer technology, which can be widely used in a variety of IoT scenarios and can guarantee security of user data while protecting large-scale malicious attacks on IoT applications.

Tencent has worked with Wuxi High-Tech Industrial Development Zone in China's eastern Jiangsu province to set up a the nation's first TUSI (Tencent User Security Infrastructure) Internet of Things laboratory.