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The "Guangdong, Hong Kong and Macao Dawan Blockchain Alliance" was founded to promote synergy and innovation and jointly promote the development of blockchain technology, China News, the official press agency managed by the state, reported November 9th.
The newly established alliance – initiated by the Guangzhou City Blockchain Industry Association, the Hong Kong Blockchain Industry Association and the Macau University Innovation Center – involves 54 different companies and covers blockchain technology in areas such as funds, finances and trade . The coalition headquarters will be located in the development zone of Guangzhou, one of the first areas of national economic development in China.
According to the article, the alliance will develop four blockchain platforms, explaining:
"The alliance will promote the blockchain general development platform, blockchain" double-creation "platform, blockchain technology innovation platform and blockchain industry service platform based on key application fields and directions of the development of the Industry blockchain in Guangdong, Hong Kong and Macao. "
The Hong Kong Blockchain Industry Association will be responsible for the development of blockchain in the areas of trade, finance, exchanges and insurance policies, while the Innovation Center of the University of Macao will develop the technology implementation blockchain in the fields of education, health, tourism, and logistics.
In September, Cointelegraph reported on the creation of a new blockchain platform for trade and finance, entitled "Financial blockchain platform of the financial district of Guangdong, Hong Kong and Macao Dawan", supported by the National Central Bank, the People's Bank Chinese (PBoC).
Earlier this fall, the Chinese central bank officially launched the testing phase of the "Bay Area Trade Finance Blockchain Platform" aimed at conducting commercial activities, such as loans and commercial loans, Cointelegraph reported on September 4.
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