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Xunlei and Onething Technologies' ThunderChain Recognized as Outstanding Entrepreneurship and Innovation Project by Xinhua Net

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Onething Technologies, the cloud computing subsidiary of Xunlei Limited
(NASDAQ:XNET) and a global leader in shared computing and blockchain,
today announced that its high-performance blockchain platform
ThunderChain has been selected as one of the "Outstanding
Entrepreneurship and Innovation Projects". The annual selection program
is organized by Xinhua Net, the online news provider of Xinhua News
Agency which is the official press agency of the Chinese government.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180720005166/en/

ThunderChain was recognized as an Outstanding Entrepreneurship and Innovation Project by Xinhua Net. ...

ThunderChain was recognized as an Outstanding Entrepreneurship and Innovation Project by Xinhua Net. (Photo: Business Wire)

Mass entrepreneurship and innovation is a national strategy in China for
economic transformation and development, in an effort to facilitate
startups and innovation. The award selection of the "Outstanding
Entrepreneurship and Innovation Projects" was first introduced in 2016,
and is aimed to identify high-quality projects, promote mass
entrepreneurship and innovation, and foster economic transformation and
upgrading. This year, a large number of companies and research
institutions applied for the award for achievements covering big data,
blockchain, Artificial Intelligence, Internet of Things, smart cities
and other frontier technologies. ThunderChain was awarded on the basis
of its blockchain innovation and applications that can promote the
development of real economy and smart society.

ThunderChain was launched in April 2018 and is known for its high
performance and scalability that can concurrently conduct over 1 million
transactions per second (TPS). With ThunderChain, companies and
individual developers can easily create large-scale blockchain
applications featuring trust, openness, transparency and traceability.
In July 2018, Onething Technologies unveiled ThunderChain File System
(TCFS), which is based on the company's proprietary distributed
technology and millions of shared computing nodes. It is built
specifically for blockchain platforms including ThunderChain and other
platforms

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