The JD Cloud, a subsidiary of China’s largest online retailer JD Group have signed an agreement with cryptocurrency exchange, Huobi to research on blockchain technology and cloud computing .
According to the press release posted on June, 28 the strategic cooperation agreement was signed between Huobi, the crypto trading platform and JD Cloud, cloud computing company. Therefore, the main purpose of this agreement will be focusing on blockchain technology and cloud computing.
During a signing ceremony at Beijing on Thursday, both the companies have signed a partnership to collaborate in different fields, such as;
Research on Blockchain Technology
Applications on Finance
IoT (Internet of Things)
The vice-president and head of JD Cloud’s Product Development Department, Gang He said that JD Cloud’s technical experience and technical advantages in the blockchain field were main reason for the agreement. The company was first initiated on 2014, aims to help traditional businesses adoption to the digital age.
Likewise, Xianfeng Cheng, Huobi’s CTO, spoke about the partnership stating that;
“As a pioneer in the blockchain industry, Huobi has established multiple partnerships with incubators around the world, including China. Their advantages in technology, resources as well as experience will be applying to the next JD Cloud projects”.