China Unicom IoT and Wanxiang Blockchain officially announced the strategic partnership and formed the IoT and Blockchain Joint Innovation Center in the unveiling ceremony hosted in Nanjing on Jun.28, 2019. Dr. Xiao Feng, the chairman and CEO of Wanxiang Blockchain, Mr. Chen Xiaotian, general manager of China Unicom IoT, Mr. Xie Hongjun, COO of PlatON and other representatives of the first batch of members of IoT and Blockchain Innovation Center jointly signed the cooperation agreement in the signing ceremony. IoT and Blockchain Joint Innovation Center is the first program of Innovation Acceleration Center of China Unicom IoT, and also the first attempt of Wanxiang Blockchain to build an IoT and blockchain joint innovation center in the world.
‘When we talk about 5G, we are just talking about a new generation network that is able to transmit data with a much higher speed and lower latency compared to 4G network. There is no doubt that 5G plays an important role in the wide application of IoT. The world is already full of connected devices, and more and more are coming. The security issue inside the connections is one of the most compelling reasons to utilize blockchain because blockchain is designed as a basis for applications that involve in transaction and interaction. Thus, blockchain is the answer to IoT challenges. The combination of IoT and blockchain technology makes a boarder picture and future. And PlatON, specialized in the development of blockchain combined cryptographic technologies, just creates a verifiable, secure and permanent method for recording data while keep all the data and devices interacted in IoT safe’. Mr. Xie Hongjun said in the unveiling ceremony.
‘In order to reconstruct the business model of IoT, it has to be developed to be an institutional technology from an instrumental technology. With IoT and Blockchain Joint Innovation Center, Wanxiang Blockchain will try our best to achieve the commercial closed-loop of IoT and build a whole new smart society in 5G network with the efforts of China Unicom and all partners in our ecosystem’. Dr. Xiao Feng shared his view on the development and vision of IoT and Blockchain Joint Innovation Center.
Mr.Chen Xiaotian said, it’s our pleasure to form the strategic partnership with Wanxiang Blockchain for the development of IoT and Blockchain. We will co-host and complete the IoT and blockchain ecosystem, speed up the development of 5G business, promote the platform + ecosystem strategy of IoT, and be the leader to shape the future of digital world.
2019 is the year of 5G network. As 5G network is being widely applied in business of all industries, IoT has become the combination of digital world and physical world, which greatly promotes the development of global digital economy. According to GSMA report, there will be 25.2 billion connections built in IoT worldwide in 2025. Recent years, with the rapid development of IoT, IoT devices are growing exponentially. Under the circumstance, Wanxiang Blockchain and China Unicom IoT’s cooperation in IoT and blockchain will keep the data safe and build the trusted network for the smart society by applying blockchain technology in all aspects of IoT industry.
IoT and Blockchain Joint Innovation Center provides the comprehensive solutions for Industry 4.0, smart city, Supply Chain Finance, New Retail, smart home, etc., by integrating the leading empowerment and high-quality service of China Unicom IoT, leading application ability and advantages in blockchain ecosystem of Wanxiang Blockchain. Furthermore, the IoT and Blockchain Joint Innovation Center will start the collaborative deal with 20 excellent enterprises in IoT industry to create professional applications based on IoT, blockchain high-tech, trusted identity authentication and data privacy-preserving.
About China Unicom IoT Innovation Acceleration Center
China Unicom IoT Innovation Acceleration Center, jointly founded by China Unicom IoT, Plug and Play, an innovation acceleration platform from Sillicon Valley, and Nanjing Qinhuai District Government, is an industry acceleration center mainly focus on IoT. Based on the global innovation resources, IoT ecosystem, science and technology service, the Innovation Acceleration Center helps the development of IoT and regional economic growth with its business model that performs strategic collaboration, interaction of business and resource complementarity. IoT Innovation Acceleration Center aims to build around 100 small innovation centers by collaborating with IoT giants worldwide, providing solutions for all industries. Innovation Acceleration Center is dedicated to being world’s leading IoT innovation center in the following 3 to 5 years, and are open to the cooperation on co-hosting and completing China Unicom IoT ecosystem and promoting the development of IoT with more enterprises.