China’s blockchain consortium adds cryptocurrency exchange Huobi to its alliance

Huobi, cryptocurrency exchange, has joined China’s blockchain consortium.
It will be contributing to the expansion of the blockchain network across various institutions and industries.

Ken Chigbo Independent Analyst

Cryptocurrency exchange Huobi, its Chinese has joined China’s prestigious blockchain consortium, along with financial services giant UnionPay and among some other large names in the country; China Mobile, China Telecom, WeBank, and China Merchants Bank International.

The nationwide blockchain alliance known as the blockchain service network (BSN) formed by the State Information Center, was launched in October. Its aim is to foster blockchain sector growth and aid the development of digital economy and smart cities in the country.

Huobi became one of the first batches of members that will contribute towards the expansion of the blockchain network across various institutions and industries.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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