Chinese cloud network provider Xunlei has launched the ThunderChain File System (TCFS) and three TRC Smart Contract Standards to support the development of blockchain applications.

Earlier in April, the company had launched ThunderChain – a blockchain platform which, Xunlei said, can concurrently conduct millions of transactions per second (TPS). ThunderChain File System (TCFS), a distributed file system for data storage and authorized distribution, is based on Xunlei’s proprietary distributed technology and millions of shared computing nodes.

Built specifically for blockchain platforms such as ThunderChain, TCFS can be used by blockchain developers and enterprises to build decentralized applications (DApps) “with distributed data storage and integration, possessing the improved capabilities in openness, transparency, non-temper ability, traceability, reliability, security and encryption, mass storage and authorization,” Xunlei said.

“Xunlei is committed to amplifying the power of individuals through technological innovation. That is why we introduced ThunderChain File System and other new initiatives as we continue to help developers unleash the real value of blockchain,” Xunlei CEO Lei Chen said.

In addition, Xunlei has published three ThunderChain Request for Comment (TRC) standards to help blockchain developers and companies reduce costs and build a ThunderChain ecosystem. These standards are TRC1 (token standard, compatible with ERC20), TRC2 (non-fungible token standard, compatible with ERC721) and TRC2-1 (authorizable non-fungible token standard).

CoinDesk reported that Xunlei investors formed two class action lawsuits against the company over an alleged initial coin offering (ICO).