On October 18th, the『Cyberspace Administration of China with the content Management of Information on the Internet』released the latest service filing projects of blockchain information, a total of 309 blockchain information service projects from 17 provinces were selected, including ICBC, Huawei companies had their own projects be selected. The three blockchain application products project was independently developed by VTeam Group:the Platforms Products for Chain of Ju Ying, VBaaS, and Chain of trade financial were also successfully registered for Auditing Record.
At present, blockchain technology is rapidly developing and infiltrating into various fields that has greatly improved the efficiency and value revolution for digitalization and information sharing in various industries, under this case, blockchain technology has gradually becoming an important underlying technology for digital economy and technological innovation. The standardized applications of blockchain and data security protection has been focus while China Government implements the Blockchain projects auditing record. When the interests of small and medium investors are protecting and financial risks is preventing, the technological innovations also under the protection effectively.
Meanwhile, the applications and development of Blockchain technology have attracted close attention by the Policy Research Office of Hubei Provincial Committee, the Research Office of Wuhan Municipal Government, and the Science and Technology Bureau of Donghu High-tech Zone, all of them have assigned relevant departments and leaders to visit our company for research and investigation, listened the report our company made for the Blockchain technology construction and understood the situations in detail our company’s Blockchain technology and product applications. So far, the products of our company’s Blockchain information service that has been occupied for 50% of the Approval Blockchain products in Wuhan City through the products of Blockchain data service auditing records of『Cyberspace Administration of China with the content Management of Information on the Internet』.
VTeam Group will continue to give full play to its technological advantages in providing blockchain products and services in accordance with relevant blockchain information service management regulations in the near future. VTeam Group will combine the business characteristics of commercial factoring and supply chain finance to promote blockchain technology in the industry, and devoting itself to contribute not only for the steady development of the service industry but also build a healthy ecosystem.
