Wanxiang Blockchain Labs Launches $300k Annual Grant Program
A $50m venture fund backed by Chinese conglomerate Wanxiang has officially launched a grant program focused on funding open-source blockchain projects. First revealed in September, the launch of Wanxiang Blockchain Labs (WBL) coincided with a larger push by Wanxiang to make its interest in distributed financial protocols such as the bitcoin and Ethereum blockchains known. In statements, WBL co-founder Bo Shen said that the organization intends for the grant program to award projects that focus on utility rather than financial "speculation". Shen said: "In our strategy, we keep our....
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Chinese conglomerate Wanxiang Group, best known as one of the nation's largest auto parts manufacturers, is investing in blockchain technology through two new initiatives. First hinted at in a blog post by Ethereum creator Vitalik Buterin, Chao Deng, managing director at Wanxiang-owned subsidiary DataYes, confirmed that the company had completed a purchase of 416,000 ETH, the native token on the Ethereum blockchain, in an total investment of $500,000. The investment, however, is just the first step in a multi-pronged plan that includes establishing two entities dedicated to promoting....
Auto giant Wanxiang announced today that it will use blockchain technology as part of its newly announced smart cities initiative. 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. To better support this effort, Wanxiang is also seeking to fund blockchain entrepreneurs working on efforts that may be aligned with its objectives. Wanxiang....
In an effort to foster further development of blockchain technology, WanXiang Blockchain Labs, a Chinese research institution, and Deloitte, one of the largest accounting and audit firms in the world, have teamed up to launch the first ever Shanghai blockchain hackathon beginning on January 8th. “Our focus on how technology and going digital are changing the ways we live is globally orchestrated. Deloitte people from the different countries around the world [have] formed a specialized team ‘Deloitte digital’ to understand the impact how digitizations [sic] is changing every industry and....
The Ethereum Foundation and Wanxiang Blockchain Labs has recently announced the International Blockchain Week in Shanghai, which will be a combination of Devcon and the Global Blockchain Summit. On September 19-24th, the event will have both Devcon presentations, a Demo Day, Blockchain Summit segments, and an optional sightseeing tour the day before the....
Dfinity Foundation is boosting its developer ecosystem with a $215 million grant. This is to help further the development of decentralized applications (DApps) on the Internet Computer blockchain. Over 115 teams have benefitted from this grant and more are expected to do so as time goes by. NewsBTC sat down with Lomesh Dutta, Vice President of Growth at Dfinity Foundation, to talk about the Internet Computer Developer Ecosystem Program, how it’s distributed, and the impact it has had on the blockchain since inception. NewsBTC: Why was the Developer Ecosystem Program set up? Lomesh Dutta:....