CIRC Shanghai Bureau Partner with ZhongAn to Develop A Reinsurance Blockchain Platform Blockchain

CIRC Shanghai Bureau Partner with ZhongAn to Develop A Reinsurance Blockchain Platform

ZhongAn Technology, a subsidiary of Chinese online insurer ZhongAn, has applied the blockchain technology to the insurance industry. Recently, China Insurance Regulatory Commission (CIRC) Shanghai Bureau joins hands with ZhongAn Technology to develop a experimental platform of reinsurance based on blockchain technology. The experimental blockchain reinsurance platform is an inter-company reinsurance transaction platform. The CIRC Shanghai Bureau leads the interagency partnership with ZhongAn Technology and a number of primary insurance institutions and reinsurance organizations to use blockchain technology as a new industrial solution. In the daily business of reinsurance, transactions are not as frequent as banks or securities transactions, however, the demand for reliable data is increasing gradually. The...
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Xiaomi Is Allegedly Testing Crypto Rabbit: Jiamitu Blockchain

Xiaomi Is Allegedly Testing Crypto Rabbit: Jiamitu

12 March, Beijing- Xiaomi is allegedly testing its crypto game, jiamitu or crypto rabbit.  But the link to the project was soon withdrawn and inaccessible at the moment for reasons unknown. The crypto rabbit is nothing more than a marketing campaign so far. But the positive aspect is that it will certainly bring more blockchain awareness to the public. Not long ago, Xiaomi was recruiting senior blockchain developers based in Beijing, offering 30k to 60k yuan a month. It is an average offer and driven by large domestic demand for such talents. The main attraction is the post is based in...
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6-Day Blockchain Training Cost 19,800 CNY Blockchain

6-Day Blockchain Training Cost 19,800 CNY

What is blockchain? The answer could be simple or sophisticated depends who is asked. In order to go down the rabbit hole, some people are willing to pay a lot. Seeing the rising market demand, some entities roll out training sessions. Some are genuine and some not so genuine. Wechat group are filled with ads offering blockchain training courses. One can simply scan QR code to get online trial lessons for free but following cost varies a lot. A reporter discovered that a training program in WeChat called the “Peking University President Course for blockchain” offered a 3-month session, which...
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Beijing Embrace Blockchain Technology to Build A New Credit Supervision Mechanism Blockchain

Beijing Embrace Blockchain Technology to Build A New Credit Supervision Mechanism

March 13, as reported by China News Service, Beijing plans to choose some big data credit evaluation pilot projects, using big data, blockchain and other advanced technologies to build a new type of market supervision mechanism with credit as the core and to develop a new kind of innovative social governance method. The new supervision mechanism includes building a new sharing model with credit big data integration of Beijing, Tianjin and Hebei and developing a credit index evaluation system for citizen and corporate groups to form a structure of honest-rewarding and dishonest-punishment mechanisms. The Economic and Information Commission of Beijing announced on last Sunday that, before the end of this month, Beijing will revolve...
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China’s PC Giant Lenovo Unveils the First Blockchain Phone Blockchain

China’s PC Giant Lenovo Unveils the First Blockchain Phone

China’s tech giant Lenovo on March 20 unveiled the first blockchain phone in Beijing, aiming to revive its ailing mobile arm with the help of the hot new technology. The latest device is dubbed as Lenovo S5, which is powered by a Snapdragon 625 octa-core chip, and is coupled with 3/4GB RAM and 32/64GB of internal storage. Its battery has a capacity of 3000mAh that can keep the device going for 23 hours. The price starts from 999 yuan.Over 60,000 people have preordered the smart phone as of 11p.m. March 20. Lenovo intends to use the buzzword “blockchain” to attract more investors and...
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China’s Dalian Wanda Group Partners With a New Zealand’s Blockchain Startup,  No ICO Involved Blockchain

China’s Dalian Wanda Group Partners With a New Zealand’s Blockchain Startup, No ICO Involved

Chinese conglomerate Dalian Wanda Group’s internet arm, Wanda Internet Technology Group, has established a strategic cooperation with Centrality, an Auckland-based blockchain technology company, to create a blockchain-based ecosystem that connects consumers and retailers, according to the statement released by Centrality on March 12. The strategic alliance, no investment or financing involved, includes two phases: the two parties will focus on technical cooperation at the first stage, jointly developing and promoting PL^G,  Centrality’s open-source public blockchain platform and, growing the decentralized applications on the platform. Following the technology integration, they expect to foster an ecosystem by expanding circles of users and of...
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China Seeks To Create National Standards For Blockchain and DLT Blockchain

China Seeks To Create National Standards For Blockchain and DLT

China seeks to develop national standards to boost the development of blockchain industry. The Ministry of Industry and Information Technology(MIIT) announced on March 12 that it is considering to set up a national technical standardization committee for blockchain and distributed ledger technology(DLT). The ministry’s division of Information and Software Services,along with China Electronic Technology Standardization Institute, an institution for compiling standards for electronic and IT industry under MIIT, will lead efforts to form the committee . But the list of committee members has not been released yet, according to Shanghai Securities News’ report. The initiative is welcomed by China’s blockchain companies. A Hangzhou-based blockchain entrepreneur said, establishing blockchain...
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Asset Blockchainization on Bytom (I): Asset Get Freely Flow from Solid to Gas State Blockchain

Asset Blockchainization on Bytom (I): Asset Get Freely Flow from Solid to Gas State

When it comes to the most controversial blockchain-related topics, asset blockchainization (asset migrated onto chain) must top the list. Asset blockchainization, that is, to connect atomic asset in the real word with blockchain technology. The article focuses on asset blockchainization, its essential factors and application cases, as well as its future vision. What is asset blockchainization? An essential question shall be given priority to before getting know asset blockchainization- what’s the state of asset before it is migrated onto blockchain? We can get a hint from Chang Jia (Founder of hiswift News and Bytom) and Xiao Feng (CEO of Wanxiang...
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China’s Tencent to Embrace Blockchain Logistics and Help Smaller Enterprises Out of Financing Plight Blockchain

China’s Tencent to Embrace Blockchain Logistics and Help Smaller Enterprises Out of Financing Plight

March 20, 2018 – China’s dotcom giant Tencent launched the blockchain-based supply chain consortium and cloud bill platform at the 3rd Global Logistics Technology Conference. The move of Tencent partnering with China Federation of Logistics & Purchasing (CFLP) signals its ambition to enter the logistics area over a blockchain system. According to Tencent, it would make full use of its edges in social networking and blockchain technology, integrating with CFLP’s advantages in industry resources and scenarios. The two parties would like to mutually promote the blockchain technology applied to various fields in logistics and supply chains such as car industry, e-commerce,...
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Former Top Chinese Regulator: Regulation Over Blockchain and Cryptocurrency is Better than a Complete Ban Blockchain

Former Top Chinese Regulator: Regulation Over Blockchain and Cryptocurrency is Better than a Complete Ban

Former vice chairman of the China Securities Regulatory Commission(CSRC) Gao Xiqing shared his thoughts on blockchain and cryptocurrency regulation last night in a star-stubbed wechat group called “three o’clock sleepless blockchain”. He believed right regulation would bring significant benefits to the blockchain community and cryptocurrency industry as a whole. Here are Mr. Gao’s main points: First, blockchain can solve the problem of fostering trust. The problems that previously have to be solved through third parties or governments can now be addressed by blockchain, lowering the hurdles to build trust among people.It provides an ideal space for trust-based transactions. Second, blockchain...
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