Weekly | Bitumn suddenly "coup", Jia Nan Zhizhi submitted a prospectus to the SEC

PA Weekly 80th 10.28-11.03
Text | Zhou Wenyi Editor | Bi Yi Tong Source | PANews
Overview: China Mutual Gold Association and the World Bank teamed up, the global digital financial center was formally established; the implementation rules of the “blockchain 2.0” policy of Huangpu were officially issued; the “coup d’état” in the bitum continent, Wu Jihan regained power; blockchain Xinfengkou has been repeatedly named and brushed; Jianan Zhizhi submitted a prospectus to the SEC to raise $400 million.
According to PANews statistics, there were 12 project financings in the blockchain sector announced last week, with a total amount of over US$32.54 million (excluding projects that have not disclosed specific investment and financing amounts), involving financial technology, private keys, software development, security, and research. Services, wallets, aviation, blockchain technology and many other areas.

Brief description: Last week, the domestic regulatory dynamics continued, and the favorable policies of the blockchain industry continued to lead the industry toward the development of mature norms. From the central government to local regulatory agencies, the introduction of policies has presented a state of responsiveness. Last week, the central bank issued a notice that the rediscount fast-track will be launched in November, with the standard implementation as the means; in addition, on October 30, the Central Bank of China and the World Bank teamed up to set up global figures in Hangzhou. The financial center provides a platform for the development of digital financial diversity and globalization.
Driven by the central government, many governments in China have begun to introduce blockchain related rules and favorable policies. Among them, the representative ones are: Guangzhou City officially issued the implementation rules of the “blockchain 2.0” policy of Huangpu; Kunming issued several policies to support the development of digital economy.
The development of the domestic industry is in full swing. In contrast, in foreign countries, the confrontation between multinational governments and the cryptocurrency project Libra continues. Five European countries, led by France, Germany, Italy, Spain and the Netherlands, are joining forces to block Facebook. Libra project. Second, the central bank's digital currency has become the focus of attention of all countries. The report pointed out that the central bank's digital currency will be available within five years. In addition, in the case of Yingde, the nature of cryptocurrency assets is redefined, and traditional currency operating rules are no longer applicable.
 
O1
The China Mutual Gold Association and the World Bank teamed up and the global digital finance center was formally established.
On October 30th, with the approval of the People's Bank of China, the global digital financial center jointly supported by the China Mutual Gold Association and the World Bank was formally established in Hangzhou on October 29.
It is understood that the Global Digital Finance Center will work to promote the international consensus on digital finance development, promote the dissemination of good practices, standards and experience in digital finance, provide technical assistance support for the development of digital finance in developing countries and emerging markets, and promote digital finance. We will safely benefit the people of all countries in the world and build a platform for knowledge sharing and capacity building in the digital finance field that is open, inclusive and diverse for all countries in the world.
Li Dongrong, president of the China Internet Finance Association, said that the launch of the global digital finance center is a major event and a happy event in the development of global digital finance. The China Mutual Gold Association and the World Bank will jointly support the construction of a global digital financial center to create more inclusiveness. Responsible and sustainable global digital financial systems contribute positively.
O2
The central bank's blockchain financial platform will be online for one year, and the discounted fast track will be launched in mid-November.
On October 31, the official website of the Shenzhen Central Bank Branch of the People's Bank of China announced that the trade finance blockchain platform of the People's Bank of China has been on the line for more than a year, and has achieved multi-level financing of supply chain accounts, cross-border financing, and international trade. A number of business operations, such as account supervision and external payment tax filing, the central bank's discounted fast-track project will also be launched in mid-November, and business scenarios will continue to be enriched. The number of listed banks and enterprises will continue to increase.
On September 4, 2018, the first phase of the project of the People's Bank of China's trade finance blockchain platform (referred to as the central bank trade gold platform) was released for the first time and officially launched in Shenzhen. As of the end of October 2019, there were 485 banks in 29 banks participating in the promotion and application in Shenzhen, and 1898 enterprises with business operations, achieving more than 30,000 business lines, and more than 5,000 business transactions. The business volume is about 750. 100 million yuan. In addition, more than 10 banks are already in the process of accessing the platform.
At present, the platform is accelerating ecological construction and national promotion. It has landed in Gansu and discussed technical solutions with Beijing and Inner Mongolia. At the same time, it is also actively negotiating with China's Hong Kong trade linkage platform and Singapore's national trade platform. In the future, the platform will also connect more similar platforms of national and international organizations to form a widely connected global trade finance highway, an open and shared trade finance ecosystem.
 
O3
The implementation rules of the “blockchain 2.0” policy of Huangpu are officially issued
On October 29th, in order to implement and implement the spirit of the document “Several Measures for Leading the Transformation of Accelerated Blockchain Industry in Guangzhou Development Zone of Guangzhou Huangpu District”, Guangzhou Huangpu District Industrial and Information Technology Bureau and Guangzhou Development Zone Economic and Information Technology Bureau formulated “Implementation Rules for Several Measures for Leading the Transformation of Accelerated Blockchain Industry in Guangzhou Development Zone of Huangpu District, Guangzhou”.
The "Rules" pointed out that it is encouraged to set up a 1 billion yuan blockchain industry fund, and the specific fund establishment plan will be separately researched and formulated; the original innovation of the blockchain will be highlighted, and two blockchain public chain and alliance chain construction projects will be selected each year. Enterprises or institutions shall adopt subsidies afterwards to provide subsidies based on 50% of the actual investment in research and development. Among them, the blockchain public chain construction project has a maximum subsidy of 10 million yuan, and the blockchain alliance construction project has a maximum subsidy of 3 million yuan.
O4
Xiao Gang: The meeting did not mention “digital currency”, but it does not mean that it is not important.
On October 30th, Xiao Gang, a member of the National Committee of the Chinese People's Political Consultative Conference and the former chairman of the China Securities Regulatory Commission, published a study, thought interpretation and preliminary suggestions on the "Central Political Bureau's collective learning blockchain technology" in the official WeChat public account of the "People's Political Consultative Conference".
When referring to the preliminary proposal, Xiao Gang stressed that “this meeting did not mention the word “digital currency”, but it does not mean that it is not important.” At present, the most extensive and most influential application of blockchain technology is bitcoin. Although bitcoin prices have been fluctuating for 10 years, they still account for nearly 70% of the market value of all digital currencies in the world. In the short term, after this meeting, the impact on China's financial sector may be that the central bank's digital currency issuance may accelerate.
O5
Kunming issued several policies to support the development of the digital economy
On October 28, the Kunming Municipal Bureau of Industry and Information Technology issued "Several Policies to Support the Development of the Digital Economy (Trial)" (draft for comments). The document pointed out that Kunming supports enterprises to carry out demonstration projects such as blockchain, Internet of Things and automatic driving, etc., around the construction of major projects such as smart cities and future communities, and implements new digital economic technologies and new technologies for the implementation of local industries. For products, new formats, and new model demonstration projects, grants of up to 10 million yuan will be granted at 20% of the investment.
O6
Five EU countries are joining forces to stop the Libra project
According to a political European article reported on October 30th, five EU countries led by France, Germany, Italy, Spain and the Netherlands are joining forces to block Facebook's Libra project. The French Deputy Finance Minister has presented a unified position against Libra to other EU ministers at a private meeting in Brussels on October 28. The alliance intends to prevent Libra from launching in Europe and to increase pressure on Facebook and other members of the Libra Foundation to abandon their projects. Eurozone diplomats and European Commission officials confirmed that the alliance is encouraging the EU government to consider a total ban on Libra.
Followed by Libra's co-founder and Vice President of Calibra Products, Kevin Well, on November 1st, the blockchain is the latest technology in Internet applications and emphasizes that Libra is a complement to the existing legal currency system. Will replace the French currency, Libra's vision is to enable those who can not participate in financial services to get portable financial services.
O7
US regulator accuses XBT of selling unregistered bitcoin swaps
On October 31, the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) accused XBT (also known as First Global Credit) of selling securities-based bitcoin swap transactions, but not registered as futures in the US Committee Merchant (FCM). According to the allegations, XBT solicited or accepted futures orders from 24 US customers between March 2016 and July 2017, accepting bitcoin for margin trading.
O8
The Korean government will invest $12.8 million to support the blockchain project
On October 29, the Korea Ministry of Science and Information and Communication Technology confirmed that the government will invest about $12.8 million in blockchain projects by 2020. The Department outlined a range of spending plans that would help to promote blockchain programs in the public and private sectors and hope to train a new generation of blockchain experts. The Korea Internet and Security Agency (KISA), which reports to the Ministry, will provide “over $8.6 million to develop services that can be used by public and private sectors”. The KISA table also hopes to select and support a "multi-year" project that will provide financial support within a few years. The National IT Industry Promotion Agency (NIPA), which is run by the government, will also provide approximately $3.4 million in funding, and the agency is currently responsible for overseeing free blockchain training courses.

O1
Bitumn's sudden "coup", Wu Jihan regained power
Last week, Bit China experienced major personnel changes and shocked the entire industry. Co-founder Wu Jihan unilaterally forced the dismissal of another co-founder, the Jank Group, and issued various orders to "eliminate the opposition." At the same time, Wu Jihan held a full-time meeting to declare to the staff to save the company.
On October 28th, Beijing Bittland Technology Co., Ltd. changed its business and industry. The legal representative was changed from Zhanke Group to Wu Jihan. In addition, Wu Jihan also took over the position of executive director of the Jank Group.
On the morning of October 29th, the Internet began to circulate an email signed by Wu Jihan and sent to all employees of Bitland. It shows that any employee of Bitland can no longer execute the instructions of the Jank Group, and may not participate in the meeting convened by the Jank Group. The company will consider dismissing the labor contract depending on the circumstances; if the company damages the company's economic interests, the company will pursue civil or criminal liability according to law.
In the afternoon, Bit Continental held a general staff meeting, and Wu Jihan again sentenced the Jank group to the game. Wu Jihan, who had been silent for a while, returned strongly in recent days and expelled the Jenke group. In addition to the removal of the Jenke group, the HR department also suffered a “big change”, and the founding team HR, who has been in the Bit China for many years, became the new HRBP.
After the "transformation" in Bitland, some media revealed that "Bitland is tracking down the Jenke team and its team to occupy the company's position and property. We suspect that this is the bite mainland Wu Jihan after sending an e-mail saying that he wants to lift all duties of the Jenke group, the Jenke group The core reason for staying silent." Wu Jihan’s unilateral report should be false.
According to Tencent News "Plough", a week before Wu Jihan launched the "coup" raid, Bitian China had secretly submitted a listing application to the SEC, and the sponsor was Deutsche Bank. According to informed sources, from the initial target Hong Kong stocks to the current US stocks, Bitco's IPO process has been dominated by Wu Jihan and CFO Liu Luyao, and the Jank Group is less involved.
In order to increase the chances of success in this trip to the US, Bittland even hired Zheng Hua, the former representative of Nasdaq's former China region, as a consultant to the company.
The internal turmoil of Bitcoin attracted the attention of the whole industry. A person familiar with the matter disclosed to PANews that before the internal mail on October 29, insiders had conveyed the movement of Wu Jihan to the Jank group, and the Jank group was psychologically prepared. According to Tencent News, the Jank Group is already looking for a lawyer to fight back. According to the prospectus disclosed in Bitin 2018, the Jank Group holds 36% of Bitcoin, which is the largest shareholder, and Wu Jihan is the second largest shareholder, with a shareholding ratio of 25.25%, and the voting rights of the B shares held by the two. In the middle, the Jank group is as high as 60%.
O2
The blockchain has become a new outlet, and has been repeatedly named
Affected by the central "name", the blockchain heats up. In the stock market, the blockchain concept stocks staged a wave of ups and downs. On October 28th, the Shanghai and Shenzhen stock markets opened higher in the morning, the GEM index rose 0.72%, the blockchain surged, the two cities exceeded 100 daily limit, digital currency, blockchain, electronic invoice, digital China, domestic software, etc. The sector led the gains.
Secondly, the term “blockchain” has been in a hot search for a week, becoming a topic of public opinion and frequently appearing on the major search charts. According to the Qingbo public opinion index, the heat of the blockchain in the past month has been rising steadily. Since the 25th, it has grown exponentially and reached its peak on the 28th. On November 2nd, “block talents earned a monthly salary of 16,000 yuan” and re-listed on Weibo. As of 15:00 on November 4th, the “blockchain is 啥” ranked 8th in Baidu's 7th hot search, and the search index was 438042.
In addition, within a week, the term “blockchain” became the mainstream media darling. According to the incomplete statistics of the interchain pulse, from October 25th to November 1st, on the mainstream media platforms including the People’s Daily, Xinhua News Agency, Guangming Daily, Economic Daily, China Daily, Central People’s Broadcasting Station and CCTV. There are only 62 text reports, audio and video, and graphic texts with "blockchain" in the title. The science of blockchain concept has been completed in terms of technology, application and policy. It also reports the application status of China's blockchain more comprehensively, and invites experts to propose plans and suggestions for the future development of the blockchain.
O3
Jia Nan Zhizhi submitted a prospectus to the SEC to raise $400 million
On October 29th, mining machine manufacturer Jia Nan Zhizhi submitted a listing application to the US Securities and Exchange Commission (SEC), plans to list on the NASDAQ market through the IPO, and raised $400 million. The application documents show that the company's AI related products realized RMB 500,000 in revenue in the first half of this year, and the income of AI products in the second half of 2018 was RMB 300,000. Prior to this, such products have been produced without income. Jia Nan Zhi Zhi announced to the outside world in 2016 that the company is developing edge computing chips based on artificial intelligence.
In addition, the document shows that the company lost $45.8 million in the six months ended June 30, 2019, with net income of $42.1 million, and net income for the first half of 2018 was $1.947 billion, with a profit of 178.9 million. Dollar. This is the third attempt by Jianan Zhizhi to seek public listing after the listing failed in mainland China and Hong Kong. Once the successful IPO is completed, Jianan Zhizhi will become the first successful mining company in China. Jia Nan Zhi Zhi went to the US IPO company name as "Jia Nan Technology"
It is reported that Jianan Zhizhi's bear market selling machine revenue in the first half of the year was 288 million, down 85.2% year-on-year, and the loss in the first half was 300 million yuan. Li Jiaxuan, the first major shareholder of obscurity, held 16.2% of the shares, surpassing the 16% of Chairman Zhang Zizhang (Zhang Nanxuan) and 12.1% of the joint chairman Kong Jianping.
 
O4
Paxos is approved by the SEC to provide blockchain stock settlement services
On October 29, according to CoinDesk, Paxos, the issuing company of the stable currency PAX, was approved by the US Securities and Exchange Commission to conduct stock settlement services. The company said in a statement that the company will work with at least two brokers to use blockchain technology to provide stock and fund settlement after the completion of stock trading. With the help of blockchain technology, Paxos provides a stock settlement service that enables near-real-time settlement and shortens the settlement time of traditional stock transactions. Credit Suisse and Société Générale will be the first trading brokers to adopt the service.
O5
Data show: Bitcoin cumulative transaction fee reached 200,000 BTC, over $1.8 billion
On October 31, according to CoinDesk, Coin Metrics data shows that since 2009 miners have received a transaction fee of 204808.3479 BTC. At today's price, this is equivalent to $1.86 billion. According to blockchain analysis company BlockChair, in recent years, the annual transaction fee for bitcoin transactions has actually declined, due to the emergence of Bitcoin scalability solutions, including "Separation Witness" and Lightning Networks.
O6
Coinbase downtime in the morning, causing Deribit contract failure will compensate the error clearing user
On November 1, according to The Block, Bitcoin derivatives provider Deribit's BTC permanent swap contract failed at around 5 am, causing the contract price to fall by 15%. At about the same time, Coinbase Pro took about 75 minutes from 4 am to 5:15 am, and some thought the downtime was the cause of the Deribit contract failure.
Shortly after the incident, Deribit locked the platform. Subsequently, the company announced through its Telegram channel that there were some problems with the BTC index calculation because the platform failed to remove the unusual price offered by the exchange that Deribit worked with. Although the company did not disclose which exchange it was, it said it would compensate customers affected by the error. Deribit COO Marius Jansen estimates that the total cost of compensation is approximately $1.3 million.
According to a Deribit notice shared by crypt analyst Alex Krüger, Deribit will not roll back the deal and will be mis-cleared for this matter for the bitcoin perpetual contract being smashed to $7,200 at around 5 am this morning. The user compensates (by approximately $9,160).
 
O7
The Block Research Director: BitMEX leaks at least 23,000 user mailboxes
On November 3, The Block Research Director Larry Cermak posted updates on the progress of the BitMEX user mailbox leak. Larry claims that he now has access to 23,000 email addresses, of which only one uses the .gov suffix mailbox (government mailbox); 66 students use the .edu suffix mailbox, New York University has the most students (7), followed by Berkeley and the University of Michigan. 64% use Gmail, 7% use Hotmail, 3.8% use Yahoo, and only 3.2% use ProtonMail.
Just two days ago, the BitMEX exchange suffered a user mailbox leak, which revealed the email address of other users in the email sent to the user. The exchange sent an email to the user today about regular updates, which put all users' email addresses in the recipient field, so all recipients can see all recipients Email ID.
O8
ICBC clarified: No digital currency was introduced, subject to the information of the People's Bank of China
On October 29, there were online rumors that ICBC was testing the digital currency wallet and also took a screenshot of the “ICBC Digital Money Wallet Service Agreement”. The Beijing News reporter told ICBC that ICBC did not introduce digital currency. Chen Mancai, deputy general manager of ICBC's Finance and Technology Department, said that ICBC has not launched digital currency at present. Any information about digital currency is subject to the information of the People's Bank of China. At present, ICBC does not need to publish information.
O9
Intercontinental Exchange CEO: Bakkt is negotiating with financial institutions such as banks to explore the possibility of adopting Bitcoin derivatives
On October 31, Intercontinental Exchange (ICE) CEO Jeffrey Sprecher said in a third-quarter earnings conference call that Bakkt is negotiating with all financial institutions, including major banks and brokers, to explore the use of Bitcoin derivatives. The possibility of the product. Bakkt is rapidly entering the options market because it believes the market lacks transparency and Bakkt can solve this problem by bringing reliable price discovery in the field.
On October 28th, Bakkt chief product officer Mike Blandina wrote in a blog post that the company is developing an app to support consumers in the use of digital assets when buying goods from merchants. Bakkt plans to launch consumer-facing applications in the first half of 2020 to help customers use cryptocurrencies for small transactions.
 
10
Avocado founder new project EIDOS has skyrocketed after going online
Enumivo (avocado, ENU) founder Aiden Pearce's new project EIDOS was launched on EOS on November 2nd. The project aims to alleviate the waste of EOS resources. The total amount of tokens is 1 billion, of which 800 million tokens are issued by airdrop. Users, airdrops last for 15 months. IMEOS reported on November 2 that due to the congestion of the EOS main network CPU resources, most EOS can not use the transfer and other operations normally, users can only lease the CPU to solve the problem, and eventually the REX lending rate soared.
From the official website of ENU, EIDOS is still linked to the EOS network, which is a token that is converted into EOS CPU and bandwidth resources. According to speculation, because there are a large number of EOS mortgages on EOS's REX, resulting in a large number of CPU and bandwidth resources being idle, EIDOS hopes that some of these idle resources can be tokenized and circulated to alleviate resource waste.
Launched in February 2018, ENU is widely known as the UBI (National Basic Income) concept. ENU replicates the EOS code and assigns a unique airdrop method. Users can send an EEN airdrop by sending 0 Ethereum addresses to an address. This almost no-cost acquisition method attracted a large number of users, causing the price of ENU to skyrocket, once close to RMB1. On November 2nd, MXC launched EIDOS, which surged 50% in a short period of time, but fell 60% again the next day.

According to PANews statistics, there were 12 project financings in the blockchain sector announced last week, with a total amount of over US$32.54 million (excluding projects that have not disclosed specific investment and financing amounts), involving financial technology, private keys, software development, security, and research. Services, wallets, aviation, blockchain technology and many other areas.

O1
Ripple Investment Division Xpring Announces Acquisition of Strata Labs
On November 1, Ripple's investment division, Xpring, announced the acquisition of Strata Labs and noted that the team will work in its San Francisco office in the future. Strata Labs is a startup that specializes in infrastructure and real-world applications in the intersection of financial technology and cryptocurrency.
 
O2
Encryption company Vault12 receives Winklevoss Capita seed round investment, allowing users to protect private keys through guardians
According to TheBlock, cryptocurrency startup Vault12 was supported by Winklevoss Capital to complete seed round financing to develop a personal cryptocurrency security solution that would protect friends and family as “guardians” by using an encryption technology called Shamir. The user's private key.
O3
Tezos Foundation Announces Funding for Figment Networks and Papers
On October 31st, the Tezos Foundation officially announced that it has funded Figment Networks and Papers. It is reported that Figment Networks is a professional staking service company and a contributor to the team behind the Hubble blockchain browser and the Tezos ecosystem; Papers is an active development team in the Tezos ecosystem, developing tzblock blockchain browsing And AirGap wallet.
O4
Security startup Keyless receives $2.2 million in seed investment
According to Coindesk's October 31 report, Keyless, a UK-based cybersecurity startup, has invested $2.2 million in seed, Keyless is the world's first company to combine identification technology with secure multi-party computing.
It is reported that this round of financing is led by venture capital fund Gumi Cryptos Capital, Ripple's Xpring, Blockchain Valley Ventures and Lunex investors. The investment will be used to extend a security product that unlocks the user's private key with encrypted biometric data.
According to the official introduction, Keyless allows users to segment the encrypted portion of the biometric information (face, voice or fingerprint) and the encrypted portion of the machine learning algorithm, using algorithms to identify the information and send the encrypted details to multiple nodes. Nodes are run by users and companies on a keyless network.
O5
Passing the multi-million dollar investment in distributed capital, exploring the new model of blockchain technology to serve the real economy
The blockchain technology service provider “Tongxuntong” obtained a multi-million dollar PreA round of distributed capital investment. At this point, Tongzheng has successfully carried out two rounds of financing. In January 2019, it announced that it had received tens of millions of angel investment from the G20 (Jiyoshi) group.
In April 2018, Tong Zhengtong was founded to provide users with research, investment, community and data services. Headquartered in Shanghai, it has branches in Silicon Valley, Frankfurt and Singapore.
O6
Centrifuge, a financial supply chain exchange platform, received $3.7 million in financing
On October 30th, the financial supply chain exchange platform Centrifuge announced a new round of financing of $3.7 million led by Crane Venture Partners, plus a €1.4 million grant from Centrifuge from Berlin and the European Regional Development Fund (ERDF). Centrifuge plans to spend a total of about $5.1 million in financing to increase team size to meet future challenges, including the launch of the Centrifuge Chain in 2020.
In this additional financing, in addition to the previous round of participating investors Mosaic Ventures, BlueYard Capital and Semantic, this round of financing also increased the new investors of Atlantic Labs, Inflection Capital, Compound's Robert Leshner and Fabric Ventures.
 
O7
Encryption company CoinList receives $10 million in strategic investment including Twitter CEO
According to the Wall Street Journal, the encryption startup CoinList has received a $10 million strategic investment including Twitter CEO Jack Dorsey in a new round of financing. The company has been in place for two years to help start-ups raise money through token sales.
 
O8
Good Fubao wallet received a strategic investment of 5 million US dollars
On October 29, according to official sources, the multi-chain digital asset management wallet “Good Paypal” was awarded a US$5 million strategic investment by Vector Capital, Xingyao Capital and Yanda Capital in October 2019. Hao Fubao also revealed that it is expected to launch IEO at a well-known digital asset exchange in November. Good Paypal Wallet is a multi-chain digital asset management wallet based on blockchain technology. It uses a unique three-level hot and cold wallet separation technology to store the digital assets of users safely.
O9
DeFi project Synthetix raises $3.8 million from Framework Ventures
On October 29th, the DeFi project Synthetix announced on Monday that it had raised approximately $3.8 million in new funding. Framework Ventures has purchased 5 million Synth (SNX) from the Treasury of the Synthetix Foundation, which is approximately $3.8 million. Synthetix further stated that several other groups have also purchased “massive” SNX tokens, but currently hope not to disclose them.
10
Aviation blockchain technology provider Zamna completes $5 million in financing
On October 28, according to Global Travel News, the UK travel blockchain technology service provider Zamna completed a $5 million seed round financing led by venture capital firms LocalGlobe and Oxford Capital, including investors Seedcamp, LCIF, Telefonica, and existing Investor International Aviation Group (IAG) and a number of angel investors.
Zamna (formerly known as VChain Technology) uses blockchain technology to securely share and certify data between airlines and tourism regulators, optimizes the passenger identification process and reduces the need for manual inspection of airport staff. British Airways' parent company, International Aviation Group, is Zamna's current commercial customer.
11
Helong Technology invested 20 million yuan ($2.84 million) in blockchain enterprise chain technology
On the evening of October 28th, it was announced that the company's wholly-owned subsidiary, Integral, planned to invest 20 million yuan in cash in Beijing Chain Technology Co., Ltd., and obtain about 10% of its equity after the capital increase. The main operating entity of Link Technology is an innovative company that introduces big data and blockchain technology into the field of industry customer information. It has a number of software intellectual property rights such as “blockchain data trust management system” and its government industry block. The chain information service has obtained the second batch of domestic blockchain information service filing of the Network Information Office.