Tencent, the operator of Chinese social media app WeChat, is launching a blockchain accelerator.

Appear on the visitor's website on April 29, the "Tencent Industrial Accelerator" is open to both early-stage and mature blockchain startups, with a total of 30 places bachelor.

To authorize, projects must take at least one financing round behind them.  Applications are being accepted until June 6.

What does the accelerator offer?

Tencent's blockchain accelerator will focus on a variety of recruitment areas including industrial blockchain solutions and blockchain applications for information sharing, supply chain financing and digital nugget transactions.

Other recruitment areas volition focus on blockchain for sectors such as government affairs, energy, teaching, logistics, manufacturing, agronomics and public welfare.

Successful applicants will be given 4 mentoring meetings throughout the yr, a host of industry networking and business opportunities, and access to Tencent'southward blockchain-as-a-service platform. They volition as well have a chance to make an overseas visit connected to their blockchain industry area of interest.

Development areas of interest isolated in Tencent's announcement include smart contract security, trusted identity and computing solutions, multi-party governance mechanisms and consensus algorithms.

Shortlisted projects volition exist announced for a second round of judging at the end of June. The cost per person for participation in the accelerator will be 100,000 RMB — just over $14,000.

The national scope of Tencent's blockchain development

Equally recently reported, Tencent'southward digital banking concern WeBank has announced plans to integrate the smart contract Digital Asset Modeling Language for the consortium blockchain "FISCO BCOS" —  the chain that will undergird China'due south national Blockchain-Based Service Network (BSN).

BSN launched for commercial applications earlier this calendar month, six months after it was first rolled out for testing.

Alongside WeBank, Tencent Cloud, Huawei and Shenzhen Securities Communication are all founding members of the FISCO BCOS blockchain platform.