Blockchain
Despite Crypto Ban, China Embraces Blockchain for Belt and Road Initiative
China has officially launched a blockchain infrastructure to streamline and enhance collaborative initiatives along the Belt and Road trade routes.
The ambitious project was unveiled on March 30 during a demonstration meeting at the Shanghai Tree Map Blockchain Research Institute.
China Partners With Conflux for Its Latest Blockchain Initiative
Through its official WeChat account, the Shanghai Tree Map Blockchain Research Institute announced that it spearheaded this key infrastructure development. It received collaborative support from several prominent institutions, including Shanghai Jiao Tong University, Fudan University, Shanghai Maritime University, and the China Academy of Information and Communications Technology.
This blockchain project from the government of China takes a transnational approach, addressing the unique characteristics and demands of the Belt and Road Initiative’s cooperative framework. The primary objective of this project is to develop an advanced blockchain platform capable of deployment across multiple countries. Additionally, the goal is to enable collaborative oversight from various stakeholders.
The platform will support applications for economic, trade, and cultural exchanges. Experts assert that the project is strategically important for China’s global reach and influence expansion. Indeed, it signals China’s continued commitment to exploring the potential of blockchain technology and its applications in international cooperation and development.
Shanghai Tree Blockchain Research Institute itself is the developer behind the Conflux blockchain. However, seeing the Chinese government’s ban on cryptocurrency, its partnership with Conflux will unlikely involve any crypto-related activities.
“It should be noted that the Chinese government prohibits any institution from engaging in cryptocurrency activities, and the blockchain here should not include cryptocurrency and any tokens,” journalist Colin Wu wrote.
Source: beincrypto.com
The post Despite Crypto Ban, China Embraces Blockchain for Belt and Road Initiative appeared first on HIPTHER Alerts.
MamaBull
Bybit Launchpool Introduces OBT and SOSO Rewards Through bbSOL Staking
Blockchain
Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation
Humanity Protocol, a decentralized identity blockchain solution, is today announcing the successful closure of its latest $20 million funding round, co-led by Pantera Capital and Jump Crypto at a $1.1 billion fully diluted valuation.
This investment represents a vote of confidence in Humanity Protocol’s mission to redefine decentralized identity and unlock new possibilities for secure, inclusive, and user-owned blockchain ecosystems. It follows the recent announcement of the Humanity Foundation’s formation, led by Yat Siu, Mario Nawfal, and interim CEO Yeewai Chong.
The funding will accelerate Humanity Protocol’s development of Proof of Humanity, Human ID, and seamless integrations with leading Web3 platforms. With the support of Jump Crypto and Pantera Capital, Humanity Protocol is poised to scale its operations, expand its global reach, and drive adoption across industries beyond Web3.
As Humanity Protocol continues to grow, the funding will also support upcoming initiatives, including partnership announcements, developer grants, and community-building efforts leading up to the protocol’s mainnet launch.
Both Pantera Capital and Jump Crypto bring extensive expertise in blockchain, Web3 infrastructure, and strategic scaling, making them ideal partners in Humanity Protocol’s next growth phase.
“At Humanity Protocol, we’re committed to empowering individuals with digital identities that are truly their own,” said Terence Kwok, Founder of Humanity Protocol. “This investment from Jump Crypto and Pantera Capital brings us one step closer to realizing a future where trustless, decentralized identity solutions are the norm. We’re honored to have the backing of such visionary investors who share our belief in the transformative potential of Web3 technologies.”
“At Pantera Capital, we are excited about all the ways that blockchain enables a future AI-driven world, and Humanity Protocol is leading the way,” added Cosmo Jiang, General Partner at Pantera Capital.
The post Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation appeared first on News, Events, Advertising Options.
-
Blockchain6 days agoCoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
-
Blockchain4 days agoBlocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM)
-
Blockchain3 days ago
Andrew Cardno to speak on the session titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not)”
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain – January 24, 2025 (IBM, SAP, Oracle, Bitfury Group, Auxesis Services Technologies, Binance, European Central Bank)
-
Blockchain5 days agoDigital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
-
Blockchain4 days ago
Humanity Protocol and Open Campus Partner to Integrate Achievements and Interoperable Credentials for Decentralized Education
-
Blockchain5 days agoHumanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
-
Blockchain Press Releases3 days agoSquaredFinancial adds the Trump and Melania meme coins to its crypto offering
