Lexin Medical and BAIC jointly develop smart mining watches

Lexin Medical (sz300562) announced on March 19, 2018 that it would jointly establish a blockchain research laboratory with BAIC (Beijing) Blockchain Technology Co., Ltd. On the 20th, Lexin Medical's stock price rose to the daily limit and was suspended for inquiries. Based on this, Lexin Medical issued a new announcement stating that with the deepening of the national medical reform and the continuous improvement of blockchain technology, the application of blockchain technology in the medical field will become more and more. This cooperation with BAIC (Baikeyun) will increase R&D investment and blockchain technology research, and actively become a pioneer in the application of blockchain technology in medical care. It is expected to invest 7 million yuan in 2018 for the construction of laboratories, optimization of mining smart bracelets and smart scales, and the development of new blockchain landing products. It is expected to contribute 15 to 30 million yuan in sales to the company.

Since Lexin Medical and BAIC (Baikeyun) signed the "Agreement on Jointly Establishing a Blockchain Research Laboratory", both companies have attached great importance to it and actively and orderly promoted the implementation of the agreement. The mining smart bracelet and smart weight scale have achieved good sales results in BAIC (Baikeyun) Youzan Mall - NOWX Mall. In 2018, based on the existing new product development roadmap, it is planned to launch a high-end smart mining watch based on blockchain technology in the second half of the year.

At present, it has been determined that the laboratory will be located in Lexin Medical's office on the 19th floor of Zhongke Building in Nanshan District, Shenzhen. The office area has been selected and the relevant office facilities will be ready in early April. Baikeyun will assign 2 to 3 blockchain-related technicians to participate in the work of the laboratory. Both parties will actively promote the upgrade of the company's existing medical and health equipment, expand the application scenarios of the equipment, optimize the analysis and processing capabilities of health big data, and provide more valuable services to end customers.

Lexin said that this cooperation with BAIC objectively reflects the spirit of the agreement between the two parties to establish a blockchain laboratory, and there are no false records or misrepresentations. Its partner, BAIC-Beijing Blockchain Technology Co., Ltd. is a composite high-tech enterprise. Its headquarters is located in Beijing, and it has branches in Shanghai, Shenzhen, and Los Angeles. It is a non-profit community that promotes the blockchain technology open platform for data interconnection, transaction settlement, and smart contracts between the Internet of Things and AI robots. Its public chain-BAIC Chain is a rare public chain of Internet of Things data value in China. It is a new public chain that allows developers to create blockchain applications (DAPP) on top of its protocol based on blockchain technology. It can be understood as a parallel world based on data. In this open source system, any enterprise and developer can create their own applications, and these DAPPs serve the users' food, clothing, housing, and transportation. At the same time, the BAIC community focuses on technology and product development in the fields of blockchain public chain technology, smart hardware, AI, big data, and the Internet of Things, and is committed to providing users and enterprises with a full range of blockchain technology product matrices. At the same time, the company has cooperated with internationally renowned companies such as iFlytek, Unisound, TalkingData, Lexin Medical, and Libode. The existence of the BAIC IoT data value chain is based on the spirit of non-profit community, returning the data value provided by users to users. After forming a certain scale of ecological expansion, it will bring overall value enhancement to the open source community. All software products, hardware products and services in the data value chain are cashed in the form of Tokens, and the mechanism of all employees holding Tokens is adopted for management and operation.