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

Cryptocurrencies_800x533_L_1556444885.jpg

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

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.