China has welcomed its first partnership for the innovation of Blockchain this April 14, according to a release from ChinaNews. There are more than 100 companies, both national and foreign, who have joined the alliance. Among some members we have to Inspur, Tsinghua Unigroup, Huawei, IBM, Tencent, Alibaba and Baidu.
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Alliance data
On the 14th of April, China welcomes an alliance for innovation on the Blockchain. The alliance is located within the group of industry of intelligence in the district, home to peaceful. Aims to add the energy potential of the industry Blockchain, to integrate the public resources of the industry and promote the circulation of the elements of that sector. Also, build an open platform for the communication in the chain of blocks, cooperation, innovation, and application of this program among companies. According to the resolution of the General Assembly, the alliance named Chen Xiaohong, an academician of the Chinese Academy of Engineering, and other industry experts, such as consultants. It was recommended that the Group Inspur was elected as president of the alliance. There are over 110 members in the first group of members of the alliance. Including enterprises, institutions and social groups related with the Blockchain of Chongqing. Luo Qingquan, Director of the Office the Main Development Data of Chongqing commented that:
“The establishment of the Alliance in Chongqing, in the face of all the country. Serving to the construction of the “Belt and Road”, and gathering business elite from all areas.”
With the help of partnerships and platforms of public services will be able to explore new industrial ecosystems.
The Blockchain Yu Express
During the inauguration, the alliance also announced the official launch of a platform Blockchain for public service, “The Blockchain Yu Express”. The platform is based on the Blockchain of Inspur (IBS). It will serve as a motor for the chain lock and as a provider of development services. Zhang Fan, vice-president of the computer of Inspur commented that: “The ‘Blockchain Yu Express’ will encourage the industry to come together and develop.” And explained that this project has four outstanding advantages. The encapsulation of business scenarios in API (application programming interfaces) based on Blockchain traditional. The proportion of an interface for developers of easy-to-use, debugging tools and administration. The third is the architecture of chain hybrid, which will add side chains, and audit and authentication in a unified architecture blockchain conventional international compatible. Finally, a strong privacy protection to the user. Therefore, in the next five years, the platform will endeavor to make patent applications from companies and they will seek to serve the institutions. Also, created twenty scenarios of application of Blockchain to depth, and will lead to the companies to create a production value of 5 billion renminbi. Commented that the next step will be to strengthen the cooperation between the units members of the alliance in terms of technology, standards, applications and markets.