RATE Group | Another Chinese City Embraces Blockchain Technology
36200
wp-singular,post-template-default,single,single-post,postid-36200,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Another Chinese City Embraces Blockchain Technology

23 Jul Another Chinese City Embraces Blockchain Technology

Posted at 23:01h in Ethereum News by

[ad_1]

The city of Nanjing which is the capital of the Jiangsu Province in China, has committed to investing a total of 10 Billion Yuan ($1.5 Billion) in a blockchain investment fund geared at promoting public blockchain projects and the general token economy.

The Zhongguancun Blockchain Industry Alliance that is based in Beijing, is teaming up with the city of Nanjing to launch the fund. The blockchain indsustry alliance was formed by government research institutes and blockchain companies in the country such as China Internet Network Information Center, China Unicom Research Institute, China Information and Communication Research Institute, Century Internet Group, Aerospace Information Shares, and Lighting Capital.

The Nanjing city blockchain initiative was announced at the first Industrial Public Chain Summit (IPCS) which was attended by high-level government officials such as the Deputy Secretary of the Communist Party of China, Luo Qun.

VeChain (VEN) partnership with the Gui’an New…

[ad_2]

Source link