• Mon, 14 Oct 2019, 03:50 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

China Academy of Information and Communications Technology joins R3 blockchain consortium

Mon, 15 Apr 2019, 11:06 am UTC

The China Academy of Information and Communications Technology (CAICT) is teaming up with blockchain startup R3 to join the latter’s global network to share best practices regarding blockchain technology and develop solutions on its Corda blockchain platform.

Founded in 1957, CAICT is a scientific research institute directly under the Ministry of Industry and Information Technology (MIIT) of China. It provides strong support for the information and communications industry’s major strategies, plans, policies, standards, testing and certification, and is an important facilitator in the development and innovation of the industry.

In September 2017, CAICT opened the “Trusted Blockchain Open Lab,” Trust Nodes reported referring to a report from Caixin. Last April, it launched the Trusted Blockchain Promotion Program with 158 units to promote blockchain development and application. The Trusted Blockchain Initiatives (TBI), an international alliance led by CAICT, has grown to more than 300 members.

CAICT is the latest to join R3’s global network which comprises of more than 300 of the world’s largest financial services firms, technology companies, central banks, regulators, and trade associations building on Corda – an enterprise-grade blockchain platform that removes costly friction in business transactions.

R3 has also launched Corda Enterprise, a commercial distribution of Corda specifically optimised to meet the demands of complex institutions.

Kai Wei, Director of Big data and Blockchain at CAICT and the Secretary-General of Trusted Blockchain, said that a good industrial foundation of blockchain technology has been established in China.

“CAICT plays an important role not only as the think tank of policy and standard making, but also a hub of blockchain technology and application innovation,” Wei said. “The close collaboration between CAICT and R3 is beneficial step to innovate the way of building the DLT and Blockchain Industry, and it marks a new era for the development of new cooperative partnership between our two sides.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,312.47 (-1.43%)
  • Ethereum (ETH) $183.21 (-0.69%)
  • XRP (XRP) $0.290300 (+3.83%)
  • Bitcoin Cash (BCH) $225.85 (-0.65%)
  • Litecoin (LTC) $56.77 (-1.18%)
  • Bitcoin (BTC) $8,312.47 (-1.43%)
Oct 14, 2019 (Monday)
12:06
BMW, Ford, GM and others working on proof of concept for blockchain-based vehicle identity system
12:01
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:01
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:49
Crypto Technicals: LTC/USD finds stiff resistance at 21-EMA (58.62), breakout confirms further upside
10:46
G7 says global stablecoins like Libra pose threat to financial stability: Report
09:52
Global stablecoins could become systemically important: Financial Stability Board Chair
09:37
Crypto Technicals: Ripple (XRP) spikes higher, hits 4-week high (0.29369), bias bullish
09:07
Crypto Technicals: ETH/USD consolidates above 200H SMA, intraday bias turning bullish
07:01
U.S. IRS wants to know your crypto ownership in updated income tax form
06:59
U.S. SEC, CFTC, FinCEN issue rare statement warning crypto users to abide banking laws
06:56
Crypto Valley Association joins International Digital Asset Exchange Association
06:17
Crypto Technicals: BTC/USD extends sideways above 200H SMA support (8277), weakness likely on break below
06:17
tZERO and Box Digital-owned firm files with SEC to launch regulated security token market
06:10
Blockchain trade finance network Marco Polo pilots first trade transactions between Russia and Germany
06:08
Crypto exchange Coinbase secures e-money license from Central Bank of Ireland
04:30
World Federation of Exchanges urges UK FCA not to ban sale of crypto derivatives to retail investors
04:25
Telegram may postpone Gram token launch after SEC stops U.S. crypto sale
04:05
Mastercard, Visa, eBay, Stripe, Mercado Pago abandon Facebook-led Libra Association
Oct 11, 2019 (Friday)
13:27
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft