TRON And Baofeng Set To Change The Entertainment Industry

TRON And Baofeng Set To Change The Entertainment Industry

With the rise of distributed ledgers in recent months, established technology companies are now joining forces with blockchain startups with the idea of delivering better user experience and interaction.

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With the rise of distributed ledgers in recent months, established technology companies are now joining forces with blockchain startups with the idea of delivering better user experience and interaction.

The most current partnership was formed between TRON and bfc.baofeng.com. The newly established Blockchain Consensus Network aims to integrate blockchain within the entertainment industry. The cooperation will supposedly start a new era of online entertainment based on blockchain.

Since its foundation 11 years ago, Baofeng provides its customers with user-friendly internet audio and video platforms and apps. Its video and audio decoder technologies proved to be one of the world’s most renowned. Nowadays Baofeng enjoys more than 200 million user base and has captured 8 billion CNY market cap. After the announcement of the new project 500, 000 reservations were made. This is going to be the first global partnership between an internet entertainment company and a blockchain startup.

Both companies state that future Baofeng devices will support TRON and its main chain. This will give TRON massive opportunity to chase the potential of their technology and probably land a successful blockchain-based entertainment platform. According to Baofeng CEO Tianlong Cui, they have thoroughly examined TRON’s technology, its P2P data engine system, and sophisticated network. Satisfied with their findings, Baofeng believes that TRON is able to overcome any technological obstacles that may occur due to the new network launching.

On the other hand, the founder of TRON, Justin Sun explained that Baofeng is one of the most prominent internet companies in China and its acknowledgment of TRON’s technology is highly appreciated. He further added that 2018 would be pivotal for their partnership.

TRON’s decentralized protocol has the goal to create a widely available ecosystem where entertainment content is shared via blockchain. All users within the content protocol can share, publish, and store their data. Content creators are rewarded digital assets under the autonomous governance of the system.

Justin Sun was twice featured in Forbes China 30 under 30. He was one of the first graduates from the Hupan University, founded by Jack Ma od Alibaba Group. When he left Ripple camp, he developed TRON, which is currently in the top ten most valued cryptocurrencies.

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