YinChain becomes China's first blockchain startup to receive government funding

Recently, according to the Nanjing document "Notice on the Selection of High-level District Talent Projects in 2016", Yinlian Technology was officially selected into Nanjing's "Entrepreneurial Nanjing" high-level entrepreneurial talent introduction plan and received 1.5 million yuan in funding from the Nanjing Municipal Government. Yinlian Technology's "Financial Blockchain Application Development Platform" became China's first blockchain project to receive government funding.

In April 2016, the Nanjing Municipal Committee of the Communist Party of China and the Nanjing Municipal People's Government officially issued a document to implement the "Entrepreneurial Nanjing" talent plan to comprehensively enhance Nanjing's talent competitiveness, scientific and technological competitiveness, and industrial competitiveness, and accelerate the construction of an industrial and technological talent highland with international influence and unique advantages. As a leading enterprise in China's blockchain industry, Yinlian Technology actively responded to the call of the Nanjing Municipal Government and applied for the "Entrepreneurial Nanjing" talent plan project.

After the initial review, Yinlian ranked among the top hundreds of participating projects and successfully entered the comprehensive review stage. In July 2016, Mr. Shentu Qingchun, founder and CEO of Yinlian Technology, and Ms. Zhou Ting, COO, attended the "2016 Nanjing High-level Entrepreneurial Talent Introduction Plan Comprehensive Review Meeting" to defend their projects. In the end, Yinlian Technology stood out with excellent comprehensive results and was selected for the "2016 Nanjing High-level Entrepreneurial Talent Introduction Plan".

Silverchain Technology is committed to the research and development of blockchain underlying technology platforms, providing blockchain solutions and training services for financial institutions. In May 2016, Silverchain Technology received millions of angel investment. On May 31, it became a member of the presidium of the Golden Chain Alliance and took the lead in researching topics such as "Blockchain Underlying Technology Platform" and "Commercial Bank Collateral Blockchain". Among them, the commercial bank collateral blockchain has been successfully completed, and the "Financial Blockchain Application Development Platform" is currently being developed. Blockchain applications such as supply chain finance and trade finance are also under development.

Shentu Qingchun, the founder of Silverchain Technology, is a doctor from Shenzhen University, a senior engineer, and currently serves as the executive vice secretary-general of the Goldchain Alliance. He has been researching blockchain technology since 2013 and has published more than 20 technical articles related to blockchain.