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.
Source: Cointelegraph
