China launches blockchain-powered information trade

In the course of the 2023 Hangzhou Summit held in Hangzhou, China, a brand new information trade powered by blockchain expertise was unveiled by authorities officers. Over 300 enterprises, together with Alibaba (NYSE:) Cloud and Huawei, participated within the trade’s debut.

Based on native information reviews on Aug. 23, the brand new Hangzhou Knowledge Alternate will facilitate the buying and selling of enterprise info expertise information utilizing distributed ledger expertise. Officers say the platform would guarantee trade trades are immutable and traceable. Chen Chun, director of the Nationwide Laboratory (NYSE:) of Blockchain and Knowledge Safety, commented:

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