Copy link
Increase text size
Decrease text size
Link copied

Alibaba, Aerospace Information partner to foster blockchain development

Fri, 22 Mar 2019, 06:30 am UTC

Chinese e-commerce giant Alibaba has signed a cooperation agreement with software company Aerospace Information for cloud computing, blockchain. and other technological services development, Cointelegraph reported referring to a report from Securities Daily.

According to the terms of the agreement, the companies have agreed to take advantage of their respective technologies “to actively integrate resources and carry out in-depth cooperation” in the fields of ‘cloud computing services and smart industries, finance and taxation, government affairs, blockchain, and enterprise market services.”

Aerospace Information will cooperate with Alibaba to complement each other in technology research and development, product equipment and market channels, and promote the integration of new technologies to jointly create greater social and economic value.

“In the field of blockchain, we will jointly provide cloud solutions to promote the development of the blockchain industry,” Security Daily said (as quoted by Cointelegraph).

Alibaba Group has been actively involved in the blockchain for quite some time. Last October, its cloud computing arm Alibaba Cloud expanded its Blockchain as a Service (BaaS) offering to major global markets including South East Asia, the U.S, and Europe.

More recently, vice president of Alibaba Group Liu Song said that the company is planning to implement blockchain technology for cross-border supply chains, with the possibility of linking the ecosystem with local governments.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,602.63 (-5.21%)
  • Ethereum (ETH) $257.10 (-8.07%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $375.15 (-9.25%)
  • Bitcoin SV (BSV) $283.21 (-7.77%)
  • Bitcoin (BTC) $9,602.63 (-5.21%)
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
12:17
US Presidential candidate Michael Bloomberg proposes crypto regulatory framework
11:39
IRS invites crypto firms to discuss cryptocurrencies and related issues
11:38
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:37
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:39
Banking giant Citi backs blockchain trade finance network Contour
09:47
Bank of Korea to develop blockchain-based bond management system
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft