China, Blockchain Group From Three Telecoms Giants Begins Exploring Use Cases

China’s three major telecoms operators launched a blockchain research group, which has held its first meeting, local media outlet Fintech News reports July 23.

The product of China Mobile, China Unicom and China Telecom, the group involves a total of twenty experts from eight companies including Huawei, Union Mobile, and Financial Technology (UMF).

The aim, an unnamed China Mobile official said, is to “build a trustworthy blockchain application team to explore the blockchain area.”

“It’s a solution in terms of order management, contract management and creation of use cases,” the official added.

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Source: Cointelegraph

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