Wanxiang Partners with PlatON on China’s Biggest Blockchain Smart City Project

Asia Blockchain Review
July 8, 2019

China’s largest automotive component manufacturer, Wanxiang, has collaborated with global computing network PlatON on co-developing data infrastructure for the country’s biggest smart city project in Hangzhou.

As reported by IBTimes, Wanxiang has pledged to invest US$29 billion over the next 10 years to support the project’s technological and infrastructural development, in what is expected to be China’s most interconnected, blockchain-powered smart city. PlatON’s blockchain-based platform will serve as the city’s technological backbone, selected for its scalability and privacy.

Tracking, Transferring and Securing Critical Data via Blockchain

The Wanxiang Innova City, first announced in 2015, will be developed on 8.3 sq km of land on a premium riverfront site in Hangzhou. It will also feature a world-class international research and innovation park as well as a vast digital and ecological urban space. Additionally, Wanxiang’s advanced tech and manufacturing facilities will provide renewable energy and electric vehicles.

PlatON’s blockchain solution will be used by the smart city’s infrastructure blueprint to track, transfer and secure critical data, including resident identification cards and smart devices. The solution will also monitor data on driving behavior, train auto-driving systems and monitor electric vehicle life cycles, including power cells in order to efficiently manage environment waste.

PlatON’s Next-gen Technology Connects Parties to Different Services 

Corporations and individuals using PlatON’s next-generation computing network and public infrastructures in the Wanxiang smart city can connect to various services for more efficient data tracking, seamless transactions and transparent public services.

Upon completion in 2025, 90,000 citizens are expected to work and reside in Wanxiang Innova City as China advances towards a greener, more sustainable and more interconnected future.

Source:  https://www.ibtimes.sg

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
China Races to Roll Out National Digital Currency
Following Facebook’s announcement of Project Libra, China has been more determined than ever to intr...

September 23, 2019

Crypto Exchange Hires Singapore Monetary Authority Veteran as Compliance Chief
iSTOX, a digital securities issuer and crypto exchange, announced that it has hired a 15-year vetera...

September 23, 2019

Isle of Man Issues First Token-Based Supplier License
Blockchain gambling platform FunFair has become the first company to be approved for a token-based s...

September 23, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us