According to a statement by ChinaNews, China welcomed its first blockchain innovation alliance on April 14.

There are more than 100 domestic and foreign companies that have joined the alliance. Among some members we have Inspur, Tsinghua Unigroup, Huawei, IBM, Tencent, Alibaba and Baidu.

The alliance data

On April 14, China welcomes an alliance for blockchain innovations.

The alliance is located within the Yuzhong District Secret Service Group. Its goal is to add the potential energy to the blockchain industry, to integrate the public resources of the industry and to promote the dissemination of elements of this sector.

Also create an open platform for blockchain communication, cooperation, innovation and application of this program between companies.

According to the resolution of the general assembly, the alliance appointed Chen Xiaohong, an academic from the Chinese Academy of Engineering, and other industry experts as advisers.

It was recommended that the Inspur group be elected president of the alliance. There are more than 110 members in the first group of alliance members. Including companies, institutions and social groups related to the Chongqing Blockchain.

Luo Qingquan, director of the main data development office in Chongqing, commented::

“The creation of the alliance in Chongqing, which affects the whole country. Service to build the “Belt and Road” and bring together elite companies from all areas “.

With the help of public service alliances and platforms, new industrial ecosystems can be explored.

Yu Express Blockchain

During the inauguration, the alliance also announced the official launch of a public service blockchain platform, “The Yu Express Blockchain”. The platform is based on the Inspur Blockchain Service (IBS). It will serve as an engine for blockchains and as a development service provider.

Zhang Fan, the vice president of the Inspur team, said: “The ‘Yu Express Blockchain’ will make the industry meet and develop.” And he explained that this project has four outstanding advantages.

The encapsulation of business scenarios in traditional blockchain-based APIs (application program interfaces). The ratio of user-friendly developer interface, debugging and administration tools.

The third is the hybrid chain architecture, which adds uniform side chains for authentication and verification to a compatible international conventional blockchain architecture. Finally, strong data protection for the user.

For this reason, the platform will strive to file patent applications from companies and serve institutions over the next five years. They will also create twenty detailed blockchain application scenarios and get companies to create a production value of 5 billion yuan.

They commented that the next step will be to strengthen cooperation among the member units of the alliance in terms of technology, standards, applications and markets.


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