[Breaking News] Wanxiang announces the launch of the largest blockchain application project in history

On September 23, at the Shanghai Blockchain International Week, following the 2nd Ethereum Developer Conference and Demo Day, the 2nd Global Blockchain Summit kicked off. Many leaders from the global financial and blockchain industries attended and gave wonderful speeches.

Today, the organizer of the Shanghai Blockchain International Week, Dr. Xiao Feng, Vice Chairman and Executive Director of China Wanxiang Holdings and initiator of Wanxiang Blockchain Lab, announced another important news: Wanxiang Innovation Energy City will be established with an investment of up to 200 billion yuan. Since the project will apply blockchain technology on a large scale in all aspects, it will become the world's largest blockchain application project so far.

After acquiring the core technology of electric vehicle technology in the United States, Wanxiang Holdings will build a city with electric vehicles as the core industry in seven years and use blockchain technology to manage this smart city that can accommodate 70,000 people - Wanxiang Innovation Energy City. It will be located in Xiaoshan, Hangzhou, adjacent to the south bank of Qiantang River. It is planned to cover nearly 10 square kilometers, with an investment of 200 billion yuan. It will take new energy vehicle manufacturing as the core industry and strive to build an ecological city where 70,000 people can live, work and study!

Wanxiang Innovation Energy City uses blockchain technology in the cloud to reconstruct a "digital city" that integrates the Internet of Things, the Internet, and the Internet of Vehicles. It is a smart city with R&D, incubation, transformation, production, and operation as its entire life cycle, and smart life, smart transportation, and smart services as its content, where everything is interconnected.

The development process of Energy City will be gradually built on three levels and will be completely built on the cloud.

First layer: Smart cities are built on the cloud. Smart manufacturing, life, and community services integrate the Internet of Things, the Internet, and the Internet of Vehicles, connecting people, people, things, and things.

The second level: Cities that implement full life cycle management start from R&D, incubation, transformation, production, and operation. They not only produce products, but also provide services in intelligent manufacturing.

The third layer: The park is a "double innovation platform" with blockchain and artificial intelligence as its core. It is oriented towards the world, integrating technology and business creativity, and developing application scenarios for the world.

In the future, Wanxiang Innovation Energy City may develop blockchain application scenarios in the areas of distributed rooftop solar power generation, a "sharing economy" model in which residents' identity IDs and electric vehicle equipment IDs are registered in the same ledger, tracking of power batteries and secondary recycling for use as energy storage batteries, equipment democracy, intelligent manufacturing, machine-to-machine dialogue, smart homes, and smart community services.

In view of the fact that the application of global blockchain technology is still on paper, Dr. Xiao Feng, founder of Wanxiang Blockchain Lab, encourages everyone not to conduct theoretical research in vain but to actually conduct experiments. After entrepreneurs join our platform, we will announce the development requirements to developers in stages and steps, provide global development applications, organize review committees, develop their own technologies, and after the experiments are successful, replicate and promote them globally.

As another strategy of Wanxiang Blockchain Lab, the cloud service platform, incubator and accelerator will be launched next month.

Xiao Feng said that the establishment of Wanxiang Innovation Energy City is inseparable from the strong support of major blockchain technology companies and major investment banks around the world, and announced that the partners of this project include IBM, Microsoft, Alibaba Cloud, Hyperledger, Chinaledger, Consensys, Ant Financial, WeBank, etc. These partners will be very important to Energy City. They will work together with technology developers and business model innovators to open up a new strategy for China's blockchain technology engine and help China firmly grasp the international voice in the global blockchain industry.

Wanxiang Innovation Energy City is another major investment by Wanxiang Holdings after the establishment of a $50 million blockchain investment fund. It is the largest blockchain application project launched in the world. This will mean that blockchain technology has entered the practical stage on a large scale for the first time, and it is believed that it will have a huge boost to the application and development of blockchain technology in various industries around the world.