ChinaLedger – China’s Own Personal Blockchain Project
China has decided to start its own distributed ledger alliance, calling it ChinaLedger, the resulting blockchain platform will be used by the Chinese fintech sector. The giant has finally woken up; China has entered the blockchain race. Apart from the banking consortium and the Hyperledger project that have respectively brought the banking sector and tech companies together, we now have one more blockchain alliance, originating from China. China is already playing an important role in the global economy, bitcoin mining, and even the global power balance. Now, with the blockchain alliance,....
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ChinaLedger, the blockchain alliance led by Wanxiang Blockchain Labs, released its first white paper to provide technical specifications of its technology and the vision of the alliance going forward. The official document, entitled “Whitepaper of Distributed Ledger for Applications in Chinese Capital Market,” describes the role ChinaLedger will play in the development and commercialization of blockchains in China. The alliance will specifically address various regulatory conflicts and work with its 11 regional commodity exchanges to establish a nationwide standard for the implementation....
Wanxiang Blockchain Labs, a Shanghai-based nonprofit research institution which hosted the first Global Blockchain Summit in Shanghai, is to lead an alliance of 11 regional commodity exchanges, equity exchanges and financial asset exchanges with the aim of creating “an open source blockchain protocol that developers can further build upon in the future” according to Bai Shuo, former chief engineer of the Shanghai Stock Exchange and director of the technology committee for the ChinaLedger Alliance. The Internet Securities Commission of the Securities Association of China (SAC), an....
Chinese Government has announced the creation of a Blockchain Working Group to develop and implement distributed ledger technology in the country. The Chinese government, in an attempt to keep up with the rapidly changing tech scenario, has announced the creation of a Blockchain Working Group. Through this working group, the Dragon state intends to forge strategic alliances with digital currency technology related businesses to accelerate the development and implementation of blockchain technology. The creation of Chinese Blockchain Working Group coincides with the preparation for upcoming....
Juzhen Financials plans to launch its own blockchain tech for banks in 2017. The largest China-based blockchain startup, Shanghai-based Juzhen raised $23m in September 2016 to target a similar demographic to Western startups Digital Asset Holdings and R3CEV. Since then, Juzhen has been actively working with the ChinaLedger blockchain consortium, as well as paying attention to developments from the West, including, its representatives said, the launch of Hyperledger's Fabric and R3's Corda products. Ada Xiao, Juzhen's director of overseas marketing, told CoinDesk: "We are designing our....
The Chinese government has created a blockchain working group of government and blockchain industries to fast-forward the development and adoption of blockchain technology and prepare for the upcoming Global Blockchain Summit in Shanghai this September. The three-way strategic alliance among the Chinese government, ChinaLedger and the Shenzhen Consortium forms an unprecedented organized force, mandated to grow China’s blockchain industry and propel it forward on a global level. Wanxiang Blockchain Labs, Ant Financial, Webank, Universal Holdings, Ping An Insurance and Micro Focus Bank are....