huawei digital currency
China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei
November 5, 2019
huawei digital currency
China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei
November 5, 2019

Huawei has recently signed a strategic deal with China’s central bank, the People’s Bank of China (PBoC).

On Nov. 4, a statement from Huawei’s WeChat channel, the deputy governor Fan Yifei made attendance in the signing of a fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute at Huawei’s headquarters in Shenzhen.

The announcement does not include details on the agreement whether it includes joint research on blockchain or digital currencies.

Huawei Quite Active in Blockchain Space

Huawei has been quite active in developing blockchain capabilities over the few years. Last year in April, Huawei launched its Hyperledger-based blockchain-as-a-service platform— one month after the release of Huawei and Hyperledger’s joint project Caliper.

In June, Huawei was in the consideration of launching a blockchain service in Latin America. Its blockchain-enabled products and services may be available in the near future according to an anonymous Huawei executive.

China Pushes For Blockchain Innovation

Xi JinpingChina’s President recently called for the country to accelerate its adoption of blockchain technologies as a core for innovation. Xi stressed that the implementation of integrated blockchain technologies is key in promoting technological innovation and transforming industries.

ALSO READ :  Indian Women Engineering University Students Create Blockchain-Based System for Online Voting

China’s central bank, the People’s Bank of China (PBoC) announced recently that it will use a new system to certify 11 types of fintech hardware and software products relating to digital payments. 

China has over 700 blockchain enterprises with over 500 related investments according to an announcement by China Electronic Information Industry Development (CCID).


Source: https://mp.weixin.qq.com/s/J6Chc4bwYebvjZCnJbKN_g

Image: Bloomberg


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!