China Reveals Blockchain Alliance with Huawei, Alibaba and IBM
China has revealed the first provincial Blockchain Alliance called the Chongqing Blockchain Application Innovation Industry Alliance on April 14, ChinaNews reports.
Among the members of the alliance are more than 100 widely known Chinese as well as foreign companies such as IBM, Huawei, Alibaba, Inspur, Tsinghua Unigroup, Baidu and Ziguang.
The alliance intends to develop an open platform for blockchain communication, cooperation, innovation, and application among joint various enterprises.
Director of Chongqing Big Data Development Bureau, Luo Qingquan is confident that the reveal of the alliance in Chongqing, facing the entire country and grouping the leading companies will become a crucial step “in the development of Chongqing’s blockchain application innovation industry.”
A Chinese economist Chen Xiaohong mentioned that the alliance will group members to develop a national precedent at the level of the provincial blockchain application alliance.
The Alliance also announced the launch of Yu Express Chain, a public service blockchain platform. The platform is based on Inspur Blockchain Services and will serve as a blockchain engine and development services provider.
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