Blockchain
China-Singapore Guangzhou Knowledge City: Creating a New Highland of Knowledge Creation and Building a Demonstration Zone of Opening up and Cooperation
On November 1, the 18th China-Singapore Joint Council for Bilateral Cooperation (JCBC) kicked off in Singapore. The meeting resulted in the signing of 19 Memoranda of Understanding (MOUs) and cooperation agreements, including the MOU on Developing a Cooperation Framework to Promote Singapore Companies’ Participation in the China-Singapore Guangzhou Knowledge City (CSGKS)’s Industrial Development and Innovation. The meeting also provided a promising path for the future development of the CSGKS located in the Guangdong-Hong Kong-Macao Greater Bay Area.
A commission official of CSGKS Cooperation Affairs Office said, the signing of the MOU will contribute the CSGKS to attract more innovative high-tech enterprises from Singapore and other countries, further deepen the cooperation with Singapore in the field of scientific and technological innovation, support Singaporean enterprises in participating fully in the industrial development and innovation of the CSGKS, and polish the CSGKS as the preferred place for Singapore enterprises to invest.
The China-Singapore International Joint Research Institute, which aims to build an important platform for China–Singapore cooperation and achievements transformation of scientific and technological innovation, has drawn on the experience and system of Singapore’s industry-university-research integration and formulated nine industrialization systems, including the implementation rules of intellectual property support policies and several regulations on encouraging innovation and entrepreneurship. It has attracted a group of international high-level talents represented by Nanyang Technological University of Singapore to set up projects in the institute, and promoted the achievements transformation.
The Regulations on CSGKC of Guangdong Province, which came into force on March 1 this year, delegated the authority of national and provincial economic construction management to the Management Committee of CSGKS through legislation, which has made remarkable achievements in China–Singapore state-level bilateral cooperation projects.
In June this year, the China-Singapore Smart Park, one of the key projects to deepen cooperation in scientific and technological innovation and the construction of smart cities, was officially opened with a total investment of 1.4 billion yuan. It has introduced more than 60 industrialization projects such as NCS Greater Bay Area Fintech Delivery Center, SP Group, Guangzhou Lion TCR, Star 3D Oral digital Medicine, etc.
Meanwhile, as a carrier of industrial innovation jointly built by China and Singapore, Ascendas OneHub GKC’s Phase I Industrial Park has housed more than 400 enterprises and employed 3,000 people. The Guangzhou Innovation Institute of National University of Singapore is about to recruit students, commit itself to training nearly 3,000 high-level talents over a 10-year period, and shoot for becoming the largest comprehensive flagship project of the National University of Singapore in China.
In recent years, cooperation projects between China and Singapore in key areas such as biomedicine, digital economy and green development have been launched in the CSGKS:
- In terms of biomedicine, Biosyngen has built the largest commercial production base of immunocellular drugs in South China; Lion TCR (Singapore), the world’s leading TCR-T cell therapy company, plans to build a GMP cell production base and serve as the company’s headquarters in China.
- In terms of digital economy, NCS, the wholly-owned subsidiary of Singapore Telecom, selected the CSGKS to set up the Greater Bay Area Fintech Delivery Center and the first phase has started operation, which is expected that 500 IT professionals will be stationed at the end of the year to accelerate the development of 5G, digital twins, blockchain and other technologies and build a cross-border innovation ecosystem.
- In terms of green development, the agreement was signed with SP Group to implement the investment, construction and operation of regional energy projects (including cooling and heating), starting from the Knowledge Tower project, and gradually promote them to other regions such as the China-Singapore International Scientific and Technological Innovation Cooperation Demonstration Zone.
- In terms of financial services, the MOU of cooperation was signed with the Singapore Exchange to promote the issuance of green bonds by three state-owned enterprises, with a cumulative issuance scale of US $1.34 billion, and deepen the connectivity with the international financial market.
As an important carrier and innovation model of bilateral cooperation between China and Singapore, the CSGKC strives to build an important node in the GBA and become the world’s knowledge economy highland. In the future, the CSGKC will further integrate development strategies of the Belt and Road Initiative and RCEP, continue to improve the level of institutional opening up, deepen cooperation in the digital economy and green development with Singapore, tap the potential of ASEAN countries and other markets, and show the world more new international cooperation programs and prospects full of Chinese wisdom.
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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