China's largest electric bus and blockchain supplier is a $ 24 billion partner


U.S .. Seven Stars Cloud Group (SSC) technology company announced that it has entered into an agreement with China's largest electric bus operator to provide financial services using blockchain technology on August 20th.

In a press release, SSC announced its partnership with National Transportation Capacity Co Ltd (NTS) would work for three years and was worth $ 24 billion.

Part of China's continued interest in electrical revisions of public transport, the government plans to replace all traditional buses with electric vehicles no earlier than 2021.

SSC will specifically provide "products based on the financing of fixed income leases" "through its regulated network, which in turn will provide NTS with blockchain-compliant financial products.

The president of the operator Jihong Huang said that the plans would lead to a "significant transformation" of the entire market of fixed income based on the financing of leasing "through the use of blockchain and 39; Artificial Intelligence (AI).

represents a new era and a paradigm shift in the way we view resource-based financial products, "added Bruno Wu, president and CEO.

The integration of Blockchain continues in the best way in many economic sectors of China. From the exploration of the blockchain payment systems by Bank of China and Union Pay to tax invoices, only this month has seen important announcements from both the state and private sectors.

"Each of the top ten bus manufacturers in China has strongly supported NTS in this initiative, and the success of this transaction with SSC will firmly place the digital offerings supported by the activities," added Huang.

The value of the entire electric vehicle replacement project amounts to a giant yuan ($ 45 billion). [19659010] window.fbAsyncInit = function () {FB.init ({appId: & # 39; 1922752334671725 & # 39 ;, xfbml: true, version: & # 39; v2.9 & # 39;}); FB.AppEvents.logPageView (); }; (function (d, s, id) {var js, fjs = d.getElementsByTagName (s) [0]; if (d.getElementById (id)) {return;} js = d.createElement (s); = id; js.src = ""; fjs.parentNode.insertBefore (js, fjs);} (document, & # 39; script & # 39 ;, & # 39; facebook-jssdk & # 39;)); [ad_2]Source link