China’s ‘Smart City’ To Be Built on Ethereum Blockchain

2018-7-24 20:35

As part of plans to build a ‘smart city’ in China’s Xiongan New Area, the government has confirmed that a Memorandum of understanding has been signed with ConsenSys to work as its blockchain advisor.

The report on South China Morning Post confirmed that the major purpose of the deal is for ConsenSys to advise the Xiongan government on how to use blockchain and provide software solutions.

ConsenSys is a blockchain software development company that specializes on the Ethereum blockchain and could provide the ideal expertise needed to build President Xi Jinping’s dream “smart city [and] leading blockchain innovation hub” over the next decade.

Joseph Lubin, co-founder of the Ethereum blockchain and founder of ConsenSys, expressed profound delight at the opportunity to work with the Chinese dream.

“As one of our first major projects in the People’s Republic of China, we are excited to help define the many ‘use cases’ that could benefit from the trust infrastructure enabled by ethereum technology,” he said after signing the MoU in Beijing, China’s premier city.

Remarkably, this would be the “first known case” where the Chinese government partners with a foreign company in its quest to dominate in the blockchain era, even though it has existing deals with homegrown companies like Qihoo 360, Ant Financial and Tencent. It has become obvious that ConsenSys has been charged with building the Xiongan “smart city” on the ever-reliable ethereum blockchain.

It is well known that even though the Chinese government does not hold a favorable disposition toward cryptocurrencies, there has never been a dull moment towards integrating its parent technology – blockchain – in the country’s ecosystem.

President Xi at the nineteenth annual conference at the Chinese Academy of Sciences in May listed blockchain technology as a part of technological revolutions that are writing a new history. The national leader is also in the middle of an urban development project that could “redirect” around 6.7 million people and bring in 2.4 trillion yuan ($348 billion) into the Chinese economy within the next decade.

An advisory deal with a prominent blockchain technology dealer like ConsenSys can only bring the dream “smart city” closer to fruition.

The post China’s ‘Smart City’ To Be Built on Ethereum Blockchain appeared first on ZyCrypto.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Swarm City (SWT) на Currencies.ru

$ 0.0273215 (+0.52%)
Объем 24H $0
Изменеия 24h: 1.01 %, 7d: 3.66 %
Cегодня L: $0.027122 - H: $0.0273215
Капитализация $0 Rank 8631
Цена в час новости $ 0.613282 (-95.55%)

china blockchain smart city ethereum consensys confirmed

Источник: zycrypto.com

china blockchain → Результатов: 126


China Adoption Blossoms as the Largest Shipping Conglomerate Is About To Implement Blockchain For Its Supply Chain

On March 27, the China Shipbuilding Industry Company Limited (CSICL), one of the largest shipbuilding conglomerates in China, signed… The post China Adoption Blossoms as the Largest Shipping Conglomerate Is About To Implement Blockchain For Its Supply Chain appeared first on Invest In Blockchain.

2019-4-2 22:08


Фото:

China Wants To Stop Anonymous Blockchain Use: Reports

New cybersecurity rules currently out for public consultation in China would notionally force users to provide their real identity to use any kind of Blockchain-based service. Blockchain? You’ll Need Your Name And ID As South China Morning Post (SCMP) reports quoting local media sources, the Cyberspace Administration of China is currently seeking feedback on the proposals, the deadline for which is November 2.

2018-10-22 15:00


Bank Of China and UnionPay Partner To Develop Blockchain Payment System

Bank Of China Explores Blockchain Payment System With Help of UnionPay The bank of China has recently made a partnership with the China UnionPay corporation. The announcement of the partnership happened on August 15 and it states that both parties will get together in a joint venture to explore the possibilities of the blockchain technology […]

2018-8-18 20:09


China’s Top 3 Telecom Firms Form Blockchain Group to Enhance Operations and Security

Top Three Telecoms In China Have Joined To Boost Their Operations With The Use Of Blockchain Technology The top three telecommunications listed in Hong Kong, which are China Unicom, China Mobile and the China Telecom have decided to band together in order to utilize the blockchain technology. All this is with the aim of boosting […]

2018-7-29 19:07


Blockchain Investment Fund Launches in China’s Nanjing to Develop Public Projects

China’s relentless march towards blockchain development is continuing, with reports indicating that a Chinese city will be supplying capital for a $1. 5 billion blockchain fund. China’s Admiration for Blockchain Technologies Continues with the Nanjing Fund Nanjing, the capital of the Jiangsu province in Eastern China, has just launched a blockchain-centric fund with 10 billion Chinese.

2018-7-24 01:00


Фото:

China’s IT Ministry Supports a Industrial Scale Development of Blockchain Technologies

China is moving forward in its quest to become the world’s leading economy and is determined not to lag behind when it comes to innovation in blockchain technologies. his was made known by the deputy director of China’s Ministry of Industry and Information Technology (MIIT), Mr Xin Guobin in an official letter published on the […] The post China’s IT Ministry Supports a Industrial Scale Development of Blockchain Technologies appeared first on Ethereum World News.

2018-7-18 20:09


Chinese, French Firms Partner to Develop Blockchain Skyscraper Eco-Tower

Chinese And French Firms Partner To Build Eco-Friendly Blockchain-Monitored Skyscraper One of the latest and most interesting partnerships in the blockchain industry is between China and France. In June, XTU Architects, a French architecture firm and Systemic, a French business consortium, both partnered with a Chinese developer to construct an eco-friendly blockchain-monitored skyscraper. The project […]

2018-7-14 00:15


Highlights from the China Internet Conference: The Future of Blockchain

The China Internet Conference in Beijing gave the stage to a number of speakers this week. This year’s conference touched on vital aspects of blockchain technology—these are just some of the many highlights: Pure Progress: Yi Lihua of LD Capital praised blockchain’s ability to build trust and allow more people to participate in organizations and… The post Highlights from the China Internet Conference: The Future of Blockchain appeared first on UNHASHED.

2018-7-13 02:35


Фото:

It’s Free! NEO and ONT Join Forces for a Second Round of a 40M USD Airdrop!

NEO, one of the main blockchain projects in China, has joined forces with ONT to carry out a significant Airdrop to increase not only the volume but also the number of users of both cryptos. Yesterday, the official NEO blog announced that NEO token holders are going to receive $40 million worth of ONT tokens on […] The post It’s Free! NEO and ONT Join Forces for a Second Round of a 40M USD Airdrop! appeared first on Ethereum World News.

2018-7-13 20:01


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Could Ethereum slip below $2,200 if crypto correction deepens?

Ethereum has dropped to the $2,300 region after briefly reclaiming $2,400 on Thursday.   The top altcoin has been facing pressure near $2,380, which aligns with a key technical resistance, closing the daily candle below this psychological level.

ETH/BTC Ratio Hits Its Best Level Since January

The ETH/BTC ratio climbed to 0. 0313 on Wednesday, its strongest reading since January, as record Ethereum network activity and a $180 billion stablecoin milestone signal a potential shift in market momentum.