Fortune 500 firm Geely to launch blockchain joint venture in China By Cointelegraph


Fortune 500 company Geely to launch blockchain joint venture in China

Swiss enterprise blockchain developer Concordium Foundation has signed a joint venture agreement with the $ 200 billion Chinese conglomerate Geely Holding Group, Volvo’s largest shareholder and a Fortune Global 500 company. The joint venture will be owned in a 80% of Geely and 20% of Concordium, but both companies will be co-managed operationally. The company aims to provide Chinese companies and clients access to new business models based on blockchain platforms and decentralized applications, or DApps, that can be implemented in various industries.Continue reading on Coin Telegraph

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