LAS VEGAS, Jan. 13, 2018 /PRNewswire/ — Onething Technologies Co., Ltd. (“Onething” or “Onething Technologies”), a subsidiary of Xunlei Ltd. (Nasdaq: XNET), brought its OneThing Cloud, an innovative model integrating “crowd sourced computing + blockchain”, to the Consumer Electronics Show (CES) 2018, which was kicked off on January 9 in Las Vegas. More than 175,000 industry insiders, exhibitors, and media outlets attended the show which will influence the tech trends for the next 12 months. As one of the world’s largest technology shows, CES has served as a platform for innovators and breakthrough technologies for 50 years. It claims to be a global stage where next generation of innovations are introduced to the marketplace. As a pioneer of Chinese crowd sourced computing industry, Onething received wide attention at CES 2018 for its OneThing Cloud, a blockchain technology based consumer electronic device.
A large number of the visitors showed great interest in OneThing Cloud, which is a smart device that can collect idle computing resources including bandwidth and storage from users who will in turn be rewarded with a form of digital asset called LinkToken. Users can also enjoy other conveniences such as multimedia storage and streaming, file management and remote control. This innovative model, being a perfect exemplification of sharing economy, may help resolve the conflict between demand for high computing resources and high costs, and deliver a high-quality yet cost-effective cloud computing service.
One of the essential elements of OneThing Cloud is its unique blockchain innovation which is utilized to counter the drawback of trust crisis often looming over sharing economy. Xunlei’s blockchain technology is designed to guarantee open, transparent and tamper-resistant use of crowd sourced computing resources. And the LinkToken is the reward that users can earn by sharing their idle resources and can use it to redeem other services from Xunlei. Xunlei has high confidence in developing its blockchain as it has already been researching and developing distributed computing for almost 15 years and has invested significantly in it. The blockchain technology, like distributed computing, is also decentralized. Therefore, OneThing Cloud and LinkToken not only are the important elements in the crowd sourced computing ecology, but also are important drivers for the development of blockchain technology. As OneThing Cloud is expanding its user base and gaining popularity in China, LinkToken may become the first million-user level blockchain application in China, which in