As I know huawei update blockchain technology. I think its very essential to update blozckchain technology. btc already demonestrate the privacy and secruty of bitcoin technology . I think the technology will more batter now.
For Huawei it is not the first time that they are working on decentralized projects. For example, in collaboration with Hyperledger, an open-source blockchain operation developed in 2015 by the Linux Foundation, Huawei has carried out a number of blockchain-related projects. Huawei also announced that they will create their own Bitcoin (BTC) wallet, which will be supplied on all new Huawei smartphones.
Tencent has also participated in the blockchain world before. The tech giant has worked with various Chinese officials last June to create the China Blockchain Security Alliance. At present, more than 20 public and private institutions, including government consultancies, are affiliated.