Major Chinese Telecom Companies to Launch a Collective Blockchain Research Group

Major Chinese Telecom Companies to Launch a Collective Blockchain Research Group
фото показано с : btcmanager.com

2018-7-29 23:00

Chinese telecom trio, China Mobile, China Telecom, and China Unicom have joined forces to propel the development of blockchain applications in the Chinese telecommunications industry, which will help in razing operating costs and provide unparalleled network security to all their customers. As per the report on South China Morning Post on July 25, 2018, the technology behind most cryptocurrencies, is being seen as a pivotal force to drive down the combined costs of operations currently being incurred by the telecom giants.

Ready to Embrace Blockchain Technology

This new venture will be taken under the umbrella initiative of the China Academy of Information and Communications Technology (CAICT), a research body under the Ministry of Industry and Information Technology.

It’s no secret that China has been pushing hard for blockchain adoption in 2018 Although the country isn’t as lenient towards cryptocurrencies as other countries, Chinese authorities see big potential in blockchain’s application in pretty much all the industries within the economy. Reported by BTCManager in July 2018, China-based mobile manufacturer HTC announced its plans to launch blockchain enabled smartphone, HTC Exodus. The smartphone is expected to be available for sale around the third quarter of 2018.

The collaboration between blockchain implementation team and officials from telecom companies is expected to provide a higher degree of cohesion between the two parties.

Benefits for Telecoms?

Allen Li, co-founder of the Hong Kong-based startup QLC Chain and a former Huawei engineer, expects blockchain to engross more than 60 percent of the telecom industry within the next three to five years. Li believes that the incentive for communication companies to adopt blockchain lies in cost reduction in identification and billing areas. However, the most significant advantage is undoubtedly the enhanced network security.

It should also be noted that the telecommunications equipment supplier giant Huawei Technologies will be the deputy lead of the entire blockchain implementation project. The firm is said to be researching alternative blockchain-powered applications with a focus on network security, identity management, operations, and the internet of things (IoT).

China experienced a sharp increase in the number of companies registered with the term “blockchain” in their name in 2018, with figures reaching as high as six those of 2017. Also, during a speech in June 2018, Chinese President Xi Jinping endorsed blockchain technology and mentioned that it has “breakthrough applications.”

The post Major Chinese Telecom Companies to Launch a Collective Blockchain Research Group appeared first on BTCMANAGER.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 1.97994 (-100%)

china chinese telecom blockchain major companies research

china chinese → Результатов: 126


Фото:

Crackdown on China: Educators push lax rules, 3 million holders exist in China, and Xiaolai keeping score

Economics In recent Chinese cryptocurrency news: a prominent scholar has advocated that China adopt a permissive regulatory apparatus, drawing influence from Japanese and U.S. legislation. Research conducted by the International Monetary Institute at Renmin University of China has estimated that the number of Chinese bitcoin investors exceeds 3 million, and an audio recording of famed

2018-7-7 05:53


Фото:

China Round-Up: Permissive Regulations Advocated, 3 Million Chinese HODLers, Xiaolai Recording Leaks

In recent Chinese cryptocurrency news: a prominent scholar has advocated that China adopt a permissive regulatory apparatus, drawing influence from Japanese and U.S. legislation. Research conducted by the International Monetary Institute at Renmin University of China has estimated that the number of Chinese bitcoin investors exceeds 3 million, and an audio recording of famed bitcoin […] The post China Round-Up: Permissive Regulations Advocated, 3 Million Chinese HODLers, Xiaolai Recording Leaks appeared first on Bitcoin News.

2018-7-7 03:25


Фото:

China Round-Up: Scholar Advocates Permissive Regulations, 3 Million Estimated Chinese HODLers, Xiaolai Recording Leaks

In recent Chinese cryptocurrency news: a prominent scholar has advocated that China adopt a permissive regulatory apparatus, drawing influence from Japanese and U.S. legislation. Research conducted by the International Monetary Institute at Renmin University of China has estimated that the number of Chinese bitcoin investors exceeds 3 million, and an audio recording of famed bitcoin […] The post China Round-Up: Scholar Advocates Permissive Regulations, 3 Million Estimated Chinese HODLers, Xiaolai Recording Leaks appeared first on Bitcoin News.

2018-7-7 03:25


Cloud provider Xunlei launches new blockchain file system!

Chinese technology company Xunlei Limited, known to some as the BitTorrent of China, announced Friday that it has launched a new distributed file system aimed at supporting blockchain platforms. The ThunderChain File System (TCFS), as well as three ThunderChain Request for Comments (TRC) standards, will help support blockchain development, the company said in statements. The

2018-7-7 00:40


Фото:

Bitcoin Hashrate Drops as China Floods Knock Out ‘Tens Of Thousands’ of Miners

Bitcoin network hashrate appeared to dip June 27, coinciding with reports floods in China had inundated and destroyed “tens of thousands” of miners.   Machines ‘Beyond Repair’ According to local Chinese media reports, the floods occurred principally in the country’s western Sichuan province, an area which accounts for around 70% of China’s mining output.

2018-7-1 19:00


Фото:

Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China

In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave […] The post Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China appeared first on Bitcoin News.

2018-6-28 12:55


EOS Ranked 1st, Bitcoin 17th in China’s Updated Crypto Ratings

China has released the second edition of its state-endorsed cryptocurrency and Blockchain ratings, placing Chinese altcoin EOS top of the list and Bitcoin 17th. EOS, Ethereum And NEO Win Official Favor Round two of the Global Public Chain Technology Evaluation Index, published by the China Center for Information Industry Development (CCID) under China’s culture ministry June 20, follows the initial launch of the ratings series in May.

2018-6-22 20:00


Block secure

Technology giant Tencent is teaming up with the Chinese government to fight blockchain-related security issues. The firm’s vice president, Bin Ma, announced the formation of the China Blockchain Security Alliance during the China Blockchain Security Forum in Beijing on Thursday, according to a report from ChinaNews, a state-owned media outlet. The forum, hosted by the government-backed

2018-6-22 09:55


Billionaire Ethereum Creator Bullish on Chinese Blockchain Projects Qtum and VeChain

Ethereum co-founder is looking to China for his next big investments, likes Qtum and Vechain and still believes strongly in Bitcoin. Shopping for Bargains Anthony Di Iorio who currently runs Decentral an “Innovation Hub” in Toronto which focuses on blockchain projects and is the creator of the Jaxx cryptocurrency wallet made his money as an.

2018-6-22 08:55


Craig Wrigh Directed as Satoshi in Chinese University Textbook

News According to reports a Chinese economics textbook that’s used in some of China’s leading universities states that the notorious Dr. Craig Wright is Satoshi Nakamoto, the creator of Bitcoin. The university textbook authored by Frederic Mishkin calls Wright an “Australian geek” who invented the cryptocurrency bitcoin almost ten years ago. Also Read: “I Am the

2018-6-22 03:22