Li Wei, CEO of QuChain Technology: Alliances are blooming everywhere, and it is urgent to establish a technology community suitable for China's national conditions

On December 7-8, the Hyperledger member conference was held in New York, USA. So far, the Hyperledger project, which was announced in 2015, has successfully attracted more than 100 members, a quarter of which are from China. QuChain Technology, which announced its joining of the Hyperledger project in September this year, was also invited to attend the summit and delivered a roundtable speech.

It is understood that Hyperledger is an open source project initiated by the Linux Foundation in 2015 to promote blockchain digital technology and transaction verification. Joining members include: IBM, ABN AMRO, Accenture and more than a dozen other interest groups. The goal is to allow members to work together to build an open platform to meet various user cases from multiple different industries and simplify business processes.

When talking about the Hyperledger project and the future development of blockchain technology, Li Wei, CEO of QuChain Technology, said at the summit:

First, blockchain technology is changing with each passing day, and global blockchain alliances are springing up. As one of the earliest blockchain alliances, Hyperledger has developed rapidly and has successfully attracted more than 100 members, including more than 20 members from China. Despite this, Hyperledger's current technical development is still in its early stages and requires more people's participation and contribution to form a mature technical solution and community;

Second, blockchain technology has been considered a new technology that is expected to reshape the underlying architecture of financial institutions. In 2016, the development of domestic blockchain technology ushered in a good opportunity. However, due to the differences in the basic forms of financial institutions, domestic blockchain technology companies should develop blockchain technology and applications based on the business needs and regulatory policies of domestic financial institutions, and cooperate to establish a blockchain technology community suitable for China's national conditions; at the same time, this does not mean closure. On the one hand, the development of technology should be combined with specific needs to develop our own special applications; on the other hand, we should also participate extensively in international cooperation and exchanges;

Third, the development of blockchain technology should take advantage of the advantages and strengths of universities. At present, blockchain technology is still a new technology, and the lack of blockchain technology talents has become a prominent problem in the industry. It is particularly important to organize college students to participate in the development and discussion of blockchain technology, cultivate and reserve blockchain talents, and improve the hematopoietic capacity of enterprises. The core team of QuChain Technology all graduated from Zhejiang University and have doctoral degrees. At the beginning of its establishment, it established a strategic cooperative relationship with Zhejiang University. Zhejiang University's scientific research strength and talent advantages will provide the company with a steady stream of technical and intellectual support.

Public information shows that Hangzhou QuChain Technology Co., Ltd. was established in 2016 and has previously received a total of RMB 17.5 million in Pre-A round financing from main board listed companies Synnex, Zhejiang University Network New and Junbao Communications. Its core team all graduated from Zhejiang University and have doctoral degrees. The company's core technology is an independent and controllable domestic alliance chain cloud platform, and serves many fields such as finance, e-commerce, international shipping, copyright protection, real estate transactions, and health care.

According to QuChain Technology, the company is committed to blockchain technology with disruptive significance, and has very leading technical value and application value. At present, the company has carried out extensive technical and business cooperation. Babbitt has reported that QuChain Technology and China Zheshang Bank jointly created a mobile digital bill platform. In addition, QuChain Technology has also negotiated a number of technical or project cooperation with many companies and institutions such as State Street Bank, Lianlian Pay, and several Shanghai exchanges.