Introduction
Qihoo 360, a leading Chinese internet security company, has entered the blockchain space through strategic collaborations with cryptocurrency exchanges in South Korea and Singapore. These partnerships aim to enhance blockchain security, develop smart contract solutions, and explore decentralized applications (dApps).
Key Partnerships
1. Collaboration with Zeniex (South Korea)
Qihoo 360 signed an agreement with Zeniex, a Seoul-based crypto exchange, to strengthen blockchain security protocols. This move follows high-profile cyberattacks on exchanges like:
– Youbit (2017 breach leading to bankruptcy).
– Coincheck (2018 theft of $426 million in crypto assets).
The partnership focuses on mitigating risks such as:
– DDoS attacks.
– Data tampering.
– Smart contract vulnerabilities.
👉 Discover how blockchain security innovations are reshaping digital finance
2. Joint Venture with Taiyou Systems (China)
In 2018, Qihoo partnered with Taiyou Systems to launch the Taiyou Cat Entertainment Cloud Terminal, a blockchain-powered smart device for decentralized media streaming.
3. Alliance with Qtum (Singapore)
Qihoo’s subsidiary, 360 Finance, joined forces with Qtum, a Singaporean blockchain platform, to:
– Establish a blockchain research lab.
– Develop secure smart contracts using Qtum’s Decentralized Governance Protocol (DGP).
– Enhance Opera browser security against crypto-mining malware.
Qtum’s Innovations:
| Feature | Benefit |
|———————–|——————————————|
| Multi-VM Architecture | Supports cross-platform dApp deployment |
| Privacy Systems | Secures IoT device interactions |
👉 Explore Qtum’s blockchain solutions for enterprises
Broader Industry Impact
1. Academic and Startup Collaborations
- Chronicled: Qtum partnered with this Silicon Valley startup to build blockchain-based supply chain solutions.
- UC Berkeley: Joint research on privacy-preserving IoT systems.
2. BTN Foundation’s Role
The Bitcoin New (BTN) Foundation aids Qihoo in:
– Advancing blockchain commercialization.
– Integrating security solutions into Qihoo’s product ecosystem.
FAQs
Q1: Why is Qihoo 360 investing in blockchain security?
A1: High-profile exchange hacks (e.g., Youbit, Coincheck) underscore the need for robust anti-hacking measures in crypto transactions.
Q2: How does Qtum’s DGP improve smart contracts?
A2: It standardizes functions for developers, ensuring code safety and predictable execution costs before deployment.
Q3: What’s the significance of the Opera browser upgrade?
A3: It prevents unauthorized crypto-mining scripts from hijacking users’ devices.
Q4: How does Qihoo’s work benefit IoT?
A4: Collaborations with Qtum and UC Berkeley aim to secure IoT devices via blockchain-based identity verification.
Q5: Is Qihoo launching its own cryptocurrency?
A5: No public plans yet; current focus is on security infrastructure and partnerships.
Conclusion
Qihoo 360’s blockchain strategy bridges security expertise with decentralized technology, positioning it as a key player in Asia’s crypto ecosystem. By addressing vulnerabilities in exchanges, smart contracts, and browsers, Qihoo aims to foster safer blockchain adoption.
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