Chinese form Blockchain Group ChinaLedger Union – Plan to Standardise and Open Source Chinese Blockchain Technology

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According to a report in the Chinese press at Sohu.com (搜狐), China has recently organised and announced a distributed ledger based coalition agreement in Beijing referred to as the ChinaLedger Union. ChinaLedger was announced on April 19 at the  third Internet global financial summit by former chief engineer of the Shanghai Stock Exchange, Mr. Bai Shuo who is the director of the alliance. 

Backed by the Chinese General Assembly, the establishment of the Union is the consensus of 11 sponsor units, but they have also invited Alex Baltin, UBS UK Senior Innovation Manager, Anthony Di Iorio, Chief Digital Officer Toronto Stock Exchange, Vitalik Buterin, founder of Ethereum and Bitcoin core developer Jeff Garzik as advisers.

In another article at Chinese site ChainDB.com,  Mr. Bai Shuo said:

“We can not think clearly in the absence of Blockchain integration in the hastily organised international financial sector in China. We need to unite China and find consensus and find solutions in China for Blockchain technology.”

The main task for the newly formed group is to work together and research Blockchain technology in accordance with China’s policies and regulations, the unique business logic of the Chinese financial industry – so that the policies and regulations are inline with China’s national standards, business logic and traditions.

In addition, the future ChinaLedger coalition agreement states that the underlying technology of Blockchain will be open source so that all walks of life can build specific application scenarios based on this agreement.

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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