The Xiongan authorities, Chinese version of Silicon Valley, have agreed to a partnership with Ethereum start up ConsenSys for using blockchain technology in the city infrastructure, says South China Morning Post. ConsenSys is the first foreign company that has been brought into the plan in Xiongan to marry blockchain with the city’s urban development. Previously the local government has announced partnerships with Chinese tech companies – including Tencent, Ant Financial and Qihoo 360 – to adopt blockchain in areas from finance to house renting to cybersecurity. We note that ConsenSys has also signed an agreement with Amazon Web Services and with the major bank of the Philippines Union Bank of the Philippines. |
