Subscribe
CryptoWeb.xyz
No Result
View All Result
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
No Result
View All Result
CryptoWeb.xyz
No Result
View All Result

Hunan’s Government Has Chosen a Company to Build New Blockchain Infrastructure for the Region

Conflux Network, a permissionless blockchain project, announced that it has been endorsed by government officials from the Chinese province of Hunan on Aug. 19. The company was previously endorsed by the Shanghai Municipal Government for similar reasons.

Hunan province, located in south central China, is a rapidly growing hub for science and technological innovation. The government has tapped Conflux to create what they are calling a “Key Laboratory of Blockchain Infrastructure and Applications of Hunan.” This will be a training and research lab at Hunan University focused on developing the province’s blockchain infrastructure.

In China, “key laboratories” are university and private-sector labs, funded and supported by the central government. They are generally established to research technical fields and advance national innovation. Eden Dhaliwal, Conflux’s global managing director, added: 

Related articles

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

Xapo Bank to enable USDC deposits and withdrawals

“The lab at Hunan University creates a launching pad for more research and development opportunities in the great province of Hunan.”

The endorsement was officially made at a ceremony attended by government officials such as Jianhui Xie, the vice governor of Hunan Province, and the president of Hunan University, Wei Deng. A number of Conflux representatives were also in attendance.

According to the report, Conflux is looking to establish blockchain technology as a beneficial and efficient solution in a variety of Hunan’s leading industries and verticals. They are currently preparing to work with local government to launch projects that enhance administrative and societal processes. This includes creating new methods of sharing data between various departments of the Hunan government, as well as tracing organic agricultural products and solutions.

Share122Tweet77Share31
Previous Post

yEarn Creator Says Recent Audits Don't Necessarily Mean the Project Is 100% Safe

Next Post

Chainalysis: New Issuance of Tether Slows Down Bitcoin Price Growth

Related Posts

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend
Blockchain

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

Xapo Bank to enable USDC deposits and withdrawals
Blockchain

Xapo Bank to enable USDC deposits and withdrawals

Deloitte dives into immersive experiences as more industries turn to Web3
Blockchain

Deloitte dives into immersive experiences as more industries turn to Web3

French lawmakers propose ban on crypto influencer promotions
Blockchain

French lawmakers propose ban on crypto influencer promotions

Blockchain messaging is going to replace Telegram and Discord
Blockchain

Blockchain messaging is going to replace Telegram and Discord

Today in Crypto: Chainlink Labs Partners with PwC Germany, Bitget Acquires BitKeep, Bitzlato Allows Users to Withdraw up to 50% of Assets, BANXA Joins Hands with BitMart
Bitcoin

Today in Crypto: Chainlink Labs Partners with PwC Germany, Bitget Acquires BitKeep, Bitzlato Allows Users to Withdraw up to 50% of Assets, BANXA Joins Hands with BitMart

ADS SIDE

More News

Bitcoin Price and Ethereum Prediction: Can the Fed Rate Hike Amid Banking Turmoil Boost BTC and ETH?

Bitcoin Price and Ethereum Prediction: Can the Fed Rate Hike Amid Banking Turmoil Boost BTC and ETH?

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

Xapo Bank to enable USDC deposits and withdrawals

Xapo Bank to enable USDC deposits and withdrawals

Long Liquidations Spike Bitcoin Suffers “Sell the Fact” Reaction to Dovish Fed, But BTC Dip-Buyers Will Probably Pounce

Long Liquidations Spike Bitcoin Suffers “Sell the Fact” Reaction to Dovish Fed, But BTC Dip-Buyers Will Probably Pounce

Arbitrum’s ARB token signifies the start of airdrop season — Here are 5 to look out for

Arbitrum’s ARB token signifies the start of airdrop season — Here are 5 to look out for

Bankruptcy Judge: Celsius Account Holders Can Retrieve 72.5% of Crypto Holdings, Permitted They Opt-In to Settlement Plan

Bankruptcy Judge: Celsius Account Holders Can Retrieve 72.5% of Crypto Holdings, Permitted They Opt-In to Settlement Plan

Deloitte dives into immersive experiences as more industries turn to Web3

Deloitte dives into immersive experiences as more industries turn to Web3

Ethereum price at $1.4K was a bargain, and a rally toward $2K looks like the next step

Ethereum price at $1.4K was a bargain, and a rally toward $2K looks like the next step

Bitcoin price whipsaws as Fed says rate hikes may not be ‘appropriate’

Bitcoin price whipsaws as Fed says rate hikes may not be ‘appropriate’

French lawmakers propose ban on crypto influencer promotions

French lawmakers propose ban on crypto influencer promotions

  • Advertise with us
  • Contact Us
  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Sitemap

© 2020 Copyright - All rights reserved.

No Result
View All Result
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin

© 2020 Copyright - All rights reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT