Xunlei Joins with China's Copyright Center to Build a Protection Ecosystem; Stock Rises Slightly
Xunlei Ltd. (Nasdaq: XNET), which provides cloud computing and blockchain services in China, today announced it has cooperated with the Copyright Protection Center of China (CPCC) to build a blockchain-powered digital copyright identifier (DCI) system.
As copyright protection increases in importance, pirated infringements continue to plague the industry. Xunlei said its new partnership can assist in providing an efficient and convenient way of battling illegal piracy, which is a particular problem in the rapid growth of social media.
CPCC's copyright identifier system plays a significant role in the core infrastructure of the national internet copyright public services. This system assigns permanent DCI codes to digital works on the internet, issues digital copyright registration certificates, and uses electronic signatures and digital certificates to establish a reliable and verifiable security certification system.
Xunlei said it would leverage its blockchain technology capabilities to support the operations of CPCC's DCI system. Its blockchain technology has the technically verifiable, traceable, and secure technical principles that match the application requirements of the DCI system.
Xin Lai, the chief engineer of Xunlei's blockchain platform, said, "Through this collaboration, CPCC uses Xunlei's high performance blockchain service to make its copyright authorization and transaction system more efficient."
In the future, Xunlei said said its blockchain system would focus on its technological advantages, empower copyright protection, drive the development of the real economy, enhance industrial efficiency, improve user experience, and create a more powerful and complete blockchain ecosystem.
Shares of Xunlei slid up about 1 percent to $3.71 in mid-day trading in New York today.
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