Volvo's parent company establishes blockchain joint venture headquarters in W...
Geely Holding sold over 2.2 million vehicles in 2021, including 698,693 Volvo cars. On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture with headquarters in Wuxi, China. The project aims to develop blockchain technologies and improve blockchain standards, mainly in the automotive industry.Since establishing the joint venture last February, Geely Holding has created a Digital Technology Sector, or DTS, subsidiary to invest in cutting-edge technologies,....
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A Swiss blockchain developer and Geely will provide enterprise blockchain solutions to clients, with a focus on digital identity, regtech and privacy enhancement technologies. Swiss enterprise blockchain developer, the Concordium Foundation, has signed a joint venture agreement with the $200 billion Chinese conglomerate, Geely Holding Group — the largest shareholder in Volvo and a Fortune Global 500 company. The joint venture will be 80% owned by Geely and 20% owned by Concordium, but operationally co-managed by both companies. The venture aims to provide Chinese businesses and clients....
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DigitalBTC, an Australia-based digital payments company, has agreed to form a joint venture company (JVC) to distribute and market a remittance product, AirPocket. The beta launch will begin in the second quarter of this year. DigitalBTC, which is trading on the Australian Securities Exchange as Digital DC Limited, described AirPocket as a disruptive new technology product targeting the significant and established remittance market. The U. S. to Latin America remittance market is estimated to be $84 billion. The joint venture will target the remittance sector in the Latin American and....
Thai leading energy producer, Gulf Energy Development Company, hopes to complete a crypto Joint Venture (JV) with the world’s famous cryptocurrency exchange Binance in the Q 2 of 2022, a senior executive said in an interview with Reuters. Financial Chief Officer at Gulf Energy, Yupapin Wangviwat, affirmed; “Once we conclude talks with Binance on the […]