Wanxiang Blockchain and PlatON Launch Consortium Blockchain Infrastructure to Meet the Needs of Data Sensitive Businesses

Counting Minsheng Life Insurance as one of its partners, PlatONE is aimed at the financial services, supply chain, and logistics sector   Beijing, China –  Wanxiang Blockchain, a non-profit research institution focusing on blockchain technology, and PlatON, the pioneering global privacy-preserving computing network announced the launch of an open-source consortium blockchain infrastructure, PlatONE. PlatONE addresses the existing inadequacies in today’s blockchain infrastructures and provides greater security, scalability, and privacy for data sensitive industries looking to gain the benefits of blockchain. With its emphasis on privacy-preserving computing and efficient, optimised consensus,…

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Mercedes-Benz Leverages on Blockchain for Secure, Tamper-Proof Data Tracking, Powered by PlatON

Collaboration will be launched in Beijing to bring greater cost-efficiencies and auditability to Beijing’s billion-dollar used car market   Beijing, China – PlatON, the pioneering global privacy-preserving computing network, has developed a bespoke blockchain-based ‘Vehicle Residual Value Management Platform’ for the used car business line of Beijing Mercedes-Benz Sales Service Co.,Ltd. (BMBS). The platform will store static data and dynamic data, which will be used automatically compute a vehicle’s residual value throughout its lifecycle.   Ada Xiao, CSO at PlatON, said, From electric vehicles to driverless cars, emerging technologies have…

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Wanxiang Appoints Computing Network, PlatON to Power China’s Largest Blockchain Smart City

Completed by 2025, Wanxiang’s Innova City received a $29 billion USD investment   Shanghai, China – Wanxiang, the biggest automotive component manufacturer in China, has partnered with PlatON, the pioneering global privacy-preserving computing network, to co-develop the data infrastructure for China’s largest smart city project in Hangzhou, slated for completion by 2025. Wanxiang has pledged to invest $29 billion over the course of the next decade to support the technological and infrastructural development in what is envisaged to become China’s largest, most interconnected, blockchain-powered smart city. PlatON’s blockchain-based network, selected…

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