• bitcoinBTC$%
  • ethereumETH$%
  • litecoinLTC$%
  • rippleXRP$%
  • bitcoin-cashBCH$%
  • moneroXMR$%
  • dashDASH$%
  • eosEOS$%
  • zcashZEC$%
  • cardanoADA$%
  • neoNEO$%
  • binanceBNB$%
  • stellarXLM$%
  • iotaMIOTA$%

Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

Sarah Tran   Dec 02, 2019 12:00 1 Min Read

Webp.net-resizeimage - 2019-12-02T112138.099.jpg

In the first-ever Blockchain Service Network Partner Conference hosted by the National Information Center and Hangzhou Municipal People's Government in China, it was announced that cryptocurrency exchange Huobi had joined the Blockchain Services Network (BSN), an alliance initiated by the State Information Center (SIC). 

The alliance also welcomed China UnionPay, China Merchants Bank International, WeBank, and Chinese telecom giants, including China Mobile and China Telecom.  

The BSN aims to provide a blockchain infrastructure services platform that allows different blockchain networks, regions, and institutions to interact with each other, as stated in a report by Xinhua News.  

Yuming Yuan, the CEO of Huobi China, mentioned in a speech at the conference that Huobi China and BSN members will work together on blockchain education and training as well as blockchain application research in an effort to aid the development of blockchain in various industries. 

Yunan Liu, Director of the National Information Center said: “BSN can effectively facilitate the rapid promotion and application of blockchain technology.” 

Earlier this year, Huobi announced its China headquarter in the province of Hainan. The People.com.cn reported that Yang Chen, the President of Hainan’s Financial Supervisory Authority, said that the province is adopting a sandbox model to test out fintech and blockchain technologies 



Image via Shutterstock




Like this post:
Read More