March 19, 2024

Huawei collaborates with Beijing regulators to develop blockchain applications

Huawei collaborates with Beijing regulators to develop blockchain applications

Having established itself as a leading technology giant, Huawei is ready to explore casesuse of blockchain technology.

According to an article published by ChineseBlockchain company Alice Crypto, a Huawei team, intends to join other technology companies to create a digital wallet platform. Thus, a Huawei representative said that the company is collaborating with “Beijing government agencies” to release a blockchain application. The new blockchain-centric application aims to support data exchange between health insurance, tax and other institutions. Additionally, the project aims to leverage data transfer between different regions in China to enhance logistics initiatives.

Huawei's partnerships with local governments are likely to have a significant impact on the company's valuation.