Huawei collaborates with Beijing regulators to develop blockchain applications

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

According to an article published by Chineseblockchain company Alice Crypto, the Huawei team, intends to join other technology companies to create a digital wallet platform. So, the representative of Huawei said that the company is cooperating with the "government agencies of Beijing" on the release of the blockchain application. The new blockchain-oriented application aims to support the exchange of data between health insurance, taxation and others. In addition, the project aims to use data transfer between different regions in China to strengthen logistics initiatives.

Huawei’s partnership with local governments is likely to significantly influence the company's valuation.