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Thursday, May 6, 2021
Home News Chinese form Blockchain Group ChinaLedger Union - Plan to Standardise and Open...

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

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.

 

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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