China's Biggest Blockchain Startup Will Release New Tech in 2017

China's Biggest Blockchain Startup Will Release New Tech in 2017

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....


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This article was originally posted by Eric Mu on Danwei, a Chinese media and Internet tracking news site. Hidden in a pedestrian-only lane in Beijing's tech district of Zhongguancun, Cheku Café (车库咖啡厅) is not easy to find and appears to be an unassuming eatery like its neighbors. But if you climb up the dark staircase, you'll blunder into what appears to be a university library: youngsters scattered around scores of desks in a large, cavernous room, gazing, typing on the glowing screens, chattering, laughing and napping. The name Cheku, meaning garage, speaks of ambition by alluding to....