This Chinese Firm is Already Putting Businesses on an Ethereum-Based Blockchain
VeChain is a subsidiary and in-production blockchain platform of BitSE, a Blockchain-as-Service provider. That’s right – companies are actually using the proprietary, permissioned ledger based on Ethereum in the now. PwC, the multinational professional services firm, recently invested in Singapore-based VeChain S.E.A with hopes of helping to expand the blockchain-product into South East Asia, Australia, and New Zealand. No proof-of-concept, consumers can already buy wine in DIG with the VeChain application, as well as track information about a particular wine. Babyghost fashion clothes....
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San Francisco-based bitcoin startup Wyre has raised $5.8m in new funding. The Series A round, which coincides with the stealth startup’s official launch, was led by Chinese venture firm Amphora Capital. Other investors include Chinese payments firms Baofoo.com and 9fBank, Draper Associates and Digital Currency Group. Wyre said it has raised $7.5m to date. The startup’s main focus is cross-border payments, with a particular emphasis on those sent between China and the US. Wyre uses bitcoin (as well as other blockchains like ethereum and litecoin, among others) to settle transactions, acting....
ConsenSys has partnered with China’s Blockchain-based Service Network to accelerate the enterprise adoption of Ethereum apps in China. ConsenSys, one of the world’s largest blockchain software companies, has partnered with the Blockchain-based Service Network, a Chinese government-backed nationwide blockchain project,As part of the partnership, ConsenSys’ Ethereum-based distributed ledger protocol ConsenSys Quorum will be featured on the BSN ecosystem, the firm announced on Jan. 25. The protocol will be available in 80 different cities through BSN’s public city nodes across mainland China.....
China is the biggest contributor to the Bitcoin sector in many ways. We all know that majority of the hashing power is currently contributed by the Chinese mining pools; it probably has more Bitcoin mining data centers than any other country, and most of the Bitcoin ASICs are designed and fabricated in there. The Chinese contribution is not only limited to the technological infrastructure; the Chinese are also active traders, and a significant number of transactions over the Bitcoin blockchain originate from mainland China and other territories like Hong Kong, Taiwan, etc. The region also....
The private blockchain consortium led by blockchain technology startup R3 has added its newest member in China Merchants Bank, a Chinese banking giant. Guangdong-based China Merchants Bank (CMB), the first commercial bank wholly owned by corporate legal entities in China is now the second Chinese member to join the R3-led banking blockchain consortium. As of March 2016, CMB showed total assets of $838.28 billion and is among the top 10 banks in China and the top 30 banks globally, by assets. Elaborating on CMB’s new endeavor with R3, general manager of CMB’s IT department Tianhong Zhou....
Chinese banks will soon have access to a permissioned version of the Corda Enterprise infrastructure via the country's Blockchain Service Network. Red Date Technology, one of the builders of China’s Blockchain-based Service Network, has obtained licensing rights from R3 to resell both the free and enterprise Corda implementations in China.According to a press release by R3, the news marks the first occasion of the BSN developer being able to resell enterprise blockchain technology from an overseas company.Since the R3 deal is with BSN China, developers will create a permissioned version of....