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#ChinaLedger – #China ’s Own Personal #Blockchain Project


The giant has finally woken up; #China has entered the #blockchain race. Apart from the #bankingconsortium and the #Hyperledger project that have respectively brought the banking sector and tech companies together, we now have one more blockchain alliance, originating from China.

China is already playing an important role in the global economy, bitcoin mining, and even the global power balance. Now, with the blockchain alliance, the country will be innovating on par with other international players, except that the innovations may be more region specific than being on a global scale.

The Chinese blockchain alliance, nicknamed #ChinaLedger has been created to develop and implement the distributed ledger technology into the country’s financial machinery. The alliance, led by #WanxiangBlockchainLabs consists of 11 regional commodity exchanges, equity exchanges, and financial asset exchanges, reports #NASDAQ ......

Wanxiang Blockchain Labs, a Shanghai-based nonprofit research institution which hosted the first Global Blockchain Summit in #Shanghai , is to lead an alliance of 11 regional commodity exchanges, equity exchanges and financial asset exchanges with the aim of creating "an open source blockchain protocol that developers can further build upon in the future" according to Bai Shuo, former chief engineer of the Shanghai Stock Exchange and director of the technology committee for the ChinaLedger Alliance. 

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