Tencent, Chinese Officials Partner on Fighting Blockchain Security Risks

Technology giant Tencent is teaming up with the Chinese government to fight blockchain-related security issues.

The firm’s vice president, Bin Ma, announced the formation of the China Blockchain Security Alliance during the China Blockchain Security Forum in Beijing on Thursday, according to a report from ChinaNews, a state-owned media outlet.

The forum, hosted by the government-backed China Technology Market Association (CTMA), aimed to unite organizations to protect “the healthy development of blockchain industry,” according to the news service.

The China Blockchain Security Alliance will be composed of Tencent affiliate Tencent Security, the China Blockchain Application Research Center, CTMA, and more than 20 public and private institutions, ChinaNews reported…

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