• TV
  • Business
  • Tech
    • IoT/IoE
    • Fintech
  • Cyber Security
  • Mobile
  • Startups
  • Culture
  • Advertising
  • Submit a Press Release
  • About Us
  • Guest Writers
  • Terms of Service
  • Privacy Policy
IoEBusiness.com
  • Business /
    • Meta to open its first physical retail store
    • X to Test New Feature to Report Posts for “Misinformation”
    • Amazon to Open New Retail Store in LA…
    • Amazon Raises Fee on Free Shipping Minimum
    • Salesforce Acquires ClickSoftware for $1.35B
    • Finance >
      • Credit Cards
    • Startups
    • Press Release
  • Tech /
    • Choosing The Right Build System
    • Embracing the Power of Neuralink
    • Ring Offers $1 Million if You Capture Alien
    • Meta to Launch Twitter Alternative Called Threads
    • AI-Powered Robotic Surgery System Receives FDA Approval
    • AI >
      • AR/VR
    • Fintech
    • Mobile
    • Security
      • Cyber Security
    • Blockchain
      • Crypto
        • Bitcoin
          • Bitcoin Transactions have been below a penny throughout Most of 2018
          • Hyperbitcoinization: How currency Crises Are using nations to Crypto
          • Tech-support scammers revive bug that sends Chrome clients right into a panic
          • Russian courtroom Overturns decision to ban Bitcoin web page
          • The DOJ is reportedly probing the murky world of Bitcoin trading
        • ICO
      • Cloud
        • AWS
        • IoT/IoE
  • Gadgets /
    • Apple MacBook Air (M2) – The New Standard for Ultraportable Laptops
    • Google Pixel Watch: Everything you need to know
    • Sony Reveals Project Q PS5 Game Handheld
    • Apple updates multiport adapter with support for 4K HDR Video
    • Apple releases it’s MacOS 10.14.6
  • Reviews /
    • Samsung Galaxy Fold 4: Review
    • Apple MacBook Air (M2) – The New Standard for Ultraportable Laptops
    • Samsung Freestyle Projector: Bring the Cinema to You!
    • Apple AirPods Pro 2nd Gen: The Review
    • DJI Osmo: The Pocket Camera that doesn’t Skimp on Stabilization
  • Culture /
    • Facebook is shutting down Bonfire & Here’s Why
    • Digital marketers get the most out of Your Tax expert
    • Facebook wrongly deleted its page, Russian newsgroup claims in lawsuit
    • Instagram kills false likes, followers from shady apps
    • Don’t Ignore Social promoting As a way To develop Your company
    • Geek
  • Advertise
    • Submit Press Release
    • Advertising
    • Guest Writers
    • About Us
    • Privacy Policy
  • Facebook

  • Twitter

  • Instagram

  • Google+

  • LinkedIn

  • RSS

Bitcoin

Sandbox for Public Blockchain Projects Launched in China By Wanxiang Group

Sandbox for Public Blockchain Projects Launched in China By Wanxiang Group
IoE News
May 15, 2017
Share!...

On may 12, 2017, chinese blockchain expertise chief Wanxiang crew, a conglomerate with automotive, actual estate and financial products and services holdings, introduced the launch of WanCloud, a brand new blockchain product below its Wanxiang Blockchain service provider subsidiary in Shanghai.

WanCloud provides an ecosystem for open-supply blockchain protocols to be localized and made simply obtainable to the chinese language construction group and undertaking users. initial blockchain protocols integrated within the ecosystem and supported by WanCloud’s infrastructure of builders and consultants are  BlockApps, Factom and Stellar.

part of Wanxiang’s said goal is to drive the advancement of China’s blockchain ecosystem of developers, startups and firms. speaking with Bitcoin journal, WanCloud CTO Haifeng Xi described WanCloud as “now not only a technical platform; it’s an open innovation platform. WanCloud is largely a bridge between [the] global blockchain construction neighborhood and China. We aim to attach the world to the chinese language developer group, chinese startups and traditional chinese language companies.”

WanCloud is unique as an ecosystem in that it lets in customers to work with open-source blockchains extra simply and in one position. in contrast to conventional Blockchain-as-a-service (BaaS) providers that have non-public networks or build on top of 1 public chain, WanCloud plans to continually introduce probably the most useful open-source systems into the WanCloud ecosystem.

Tom Tao, vice president at Wanxiang Blockchain corporation and head of WanCloud, advised Bitcoin journal that he hoped to “deliver as many materials as that you can imagine into the chinese group and to pressure interaction and even inter-chain collaboration, improving utility level innovation for every taking part protocol.”

David Johnston, chairman of Factom, and Jed McCaleb, CEO of Stellar, spoke with Bitcoin magazine about why they selected to be a part of WanCloud and the way it aligns with their respective corporations’ objectives.

“WanCloud platform is appearing as a bridge between the evolved tech equipped by means of U.S. entities and the massive market of possible users in China,” mentioned Johnston, “providing them a extra clear and steady use case set in essential areas like knowledge administration and auditing where Factom has core talents as a platform.”

Zeen Zhang, CEO of Factom China, brought, “This partnership is vital for Factom China because it’s going to make it more straightforward for our product to reach and serve the needs of the tip customers in China. WanCloud is truly adding value, serving to us localize the platform for enterprise users and the big community of developers in China.”

fresh off the launch of its international funds platform Lightyear, McCaleb spoke with Bitcoin journal about WanCloud’s advantages for Stellar’s development.

“Its an exhilarating building that makes it a lot easier for people to integrate with Stellar and will permit more experimentation … China is obviously an enormous market and almost each companion that we talk to on the earth asks us how they can get money both in or out of China.”

Chainbase Accelerator’s New Cohort

along with the launch of WanCloud, Wanxiang introduced the outlet of the 2nd cohort of its Chainbase Accelerator to startups, in coordination with ICOAGE, an initial Crypto-Token offering platform based totally in Shanghai and headed by means of James Gong, a leading blockchain mental and advisor in China and CEO of ChainB. initiatives universal into Chainbase Accelerator will be able to obtain technical give a boost to and consulting from WanCloud architects.

Yu Cheng, a companion at Chainbase Accelerator as well as the chief product officer at WanCloud, spoke with Bitcoin journal about Chainbase Accelerator and stated that the primary cohort was once “made up of consultants from traditional industries and so they noticed blockchain [technology] as a way to solve for issues of their industries. We need to bring in companies whose functions are fitted to the distributed nature of blockchain tech.” Cheng has coined the time period “allotted commercial price” in China to check with new capabilities that blockchain tech permits.

WanCloud joins a burgeoning team of blockchain subsidiaries for Wanxiang crew under Wanxiang Blockchain service provider, including consulting and research pursuits Wanxiang Blockchain business Innovation Consulting and Wanxiang Blockchain Labs, as well as Chainbase Accelerator and VC arm Fenbushi Capital.

Bitcoin magazine



Related ItemsBlockchainChinaGrouplaunchedProjectspublicSandboxWanxiang
Bitcoin
May 15, 2017
IoE News @ioenews

Related ItemsBlockchainChinaGrouplaunchedProjectspublicSandboxWanxiang

More in Bitcoin

Bitcoin Transactions have been below a penny throughout Most of 2018

Swapnil KFebruary 8, 2019
Read More

Hyperbitcoinization: How currency Crises Are using nations to Crypto

IoE NewsSeptember 2, 2018
Read More

Tech-support scammers revive bug that sends Chrome clients right into a panic

IoE NewsJuly 4, 2018
Read More

Russian courtroom Overturns decision to ban Bitcoin web page

Vladislav KuznetsovJune 6, 2018
Read More

The DOJ is reportedly probing the murky world of Bitcoin trading

IoE NewsMay 25, 2018
Read More

Moon Missions and custom Wallets: Bitcoin neighborhood Celebrates Pizza Day

IoE NewsMay 22, 2018
Read More

Coinigy Launches Subscription-primarily based Cryptocurrency trading cell App

IoE NewsMay 17, 2018
Read More

Florida County Tax Collector becomes First govt agency to accept Bitcoin

IoE NewsMay 15, 2018
Read More

How Blockchain Is altering The rules Of The video game

IoE NewsMay 10, 2018
Read More

Bitcoin Tax Slashed by France

IoE NewsApril 30, 2018
Read More

Cryptocurrency cost replace: Bitcoin Futures increase while $10,000 Resistance Holds

IoE NewsApril 30, 2018
Read More

Venezuela Certifies 16 Cryptocurrency Exchanges

IoE NewsApril 30, 2018
Read More

SEC “Striving For a Balanced method” to ICOs

IoE NewsApril 30, 2018
Read More

Bitcoin cash Adoption Continues: Crypto Cafebar, Gold supplier, concealed-lift clothing

IoE NewsApril 30, 2018
Read More

Philippines Welcomes Crypto economic Zone

IoE NewsApril 26, 2018
Read More
Scroll for more
Tap
  • Popular

  • Latest

  • Comments

  • Embracing the Power of Neuralink
    AINovember 9, 2023
  • Ring Offers $1 Million if You Capture Alien
    Cyber SecurityNovember 6, 2023
  • Choosing The Right Build System
    TechNovember 30, 2023
  • Choosing The Right Build System
    TechNovember 30, 2023
  • Embracing the Power of Neuralink
    AINovember 9, 2023
  • Ring Offers $1 Million if You Capture Alien
    Cyber SecurityNovember 6, 2023
  • Google’s AI making traffic lights more efficient & less annoying
    AINovember 2, 2023
  • Meta to open its first physical retail store
    BusinessOctober 16, 2023
  • X to Test New Feature to Report Posts for “Misinformation”
    BusinessSeptember 15, 2023
  • Amazon to Open New Retail Store in LA…
    BusinessSeptember 3, 2023
  • Amazon Raises Fee on Free Shipping Minimum
    BusinessAugust 29, 2023
  • Elon Musk Launches New AI Firm xAI
    AIJuly 13, 2023
  • Meta to Launch Twitter Alternative Called Threads
    MediaJuly 5, 2023

IoEBusiness

Providing the latest business technology news | tech, fintech, bitcoin, AWS, IoT, blockchain, cybersecurity, AI, AR, gadgets, product reviews & more. Reporting the news on what’s new...what’s relevant and what matters.


About Us / Advertise / Submit a Press Release
Guest Writers / Privacy Policy / Terms of Service


© 2023 IoEBusiness.com / All Rights Reserved

Palestine May Launch Its Own Cryptocurrency as Sovereign Legal Tender
Bitcoin Price Analysis: Outlook Not as Bearish as It Seems