Revealed at the Wanxiang-sponsored Global Blockchain Summit, the company intends to invest ¥200bn ($30bn) over the next seven years into a project that will find it purchasing 83 million square feet of land in Hangzhou on which it will build a new development designed to promote technology innovations.More
Global Blockchain Summit
The Global Blockchain Summits hosted by Wanxiang Blockchain Labs every year have been the most influential industrial events in the Blockchain industry since 2015.In 2016, over 1000+ guests from all over the world joint the event.
ChinaLedger will research and develop methods to build "Internet of Everything" applications for organizations in a way that complies with China's unique regulatory environment. Wanxiang Blockchain Labs is one of the founding members of ChinaLedger.
China Blockchain Technology and Development Forum
The National Standardization Committee, Chinese Blockchain Technology and others have also joined the project and the document has been in the works since August 2016.
Shanghai Wanxiang Blockchain Inc.
China Wanxiang Holdings has been executing its strategic plan in the field of blockchain technology since 2015. Now, Wanxiang Blockchain Inc. has built a blockchain ecosystem which includes Wanxiang Blockchain Labs, Wanxiang Blockchain Business Consulting Service, Wanxiang Chainbase Accelerator, and Wancloud. With these initiatives, Wanxiang Blockchain is promoting the development of blockchain industry in China in the aspects of technology, capital, resources, and more.
The kick-off, which formally took place on 22nd February, comes soon after Wanxiang pledged to spend as much as $30bn on a smart cities initiative, set to be invested over a seven-year period. As part of that plan, Wanxiang, best known as the country's biggest makers of automotive parts, said it would look to fund blockchain entrepreneurs. More
Groups including Shanghai Municipal Development, Reform Research Institute, Wanxiang Blockchain Lab, Ant Financial, Webank and Micro Focus Bank will form the Shanghai Blockchain Industry Development Research Alliance (SBIDRA), as the city gears up to host the Global Blockchain Summit in September.More
International Blockchain Week was held in Shanghai last year . This was the report back then.More