Binance China Blockchain Institute joins forces with Xinyuan Group
By Nikita Chaurasia  Date: 2020-06-24

Binance China Blockchain Institute joins forces with Xinyuan Group

In a recent turn of events, Binance China Blockchain Institute, has reportedly signed a partnership deed with Xinyuan Group (NYSE:XIN), a Chinese real estate company with an aim to bring blockchain technology to the real estate business space.

Sources claim that, both the companies will utilize “Xbolt” platform, a blockchain operation ledger technology, backed by the Xinyuan Group.

Xinyuan Group had earlier launched a real estate digitalization platform named “UPRETS”, for fractional real estate investments. UPRETS is believed to have supported the “technical issuance” representing limited partnership interests of a real estate fund.

Based on a statement released by the company, the Xinyuan Group and the institute will work upon projects ranging from technological development, talent cultivation, scientific research to project ideation with the objective of fast-tracking digitalization of the real estate economy.

Analysts claim, the two companies will research in the areas of blockchain, big data, Fintech, artificial intelligence (AI), and other technologies.

Asia-Pacific VP at Binance, Mai Lu, reportedly quoted that “Xinyuan Group has a proven track record of digitalizing real estate in a fully compliant way in the U.S. while Binance has been leading the development of blockchain technology. By working hand in hand, we are confident that we will present more use cases for daily life and further grow the blockchain industry.”

Moving forward, the collaboration will include setting up of think tank, a hub to further develop blockchain technology, providing funding opportunities, launching incubation programs, and co-hosting events to promote communication between global community and opinion leaders.

 

 

 

 Source-

https://www.crowdfundinsider.com/2020/06/163164-binance-china-blockchain-institute-partners-with-nyse-listed-xinyuan-group-to-develop-real-estate-services/

https://www.forbes.com/sites/pamelaambler/2018/02/07/changpeng-zhao-binance-exchange-crypto-cryptocurrency/#debbf491eee8

About Author

Nikita Chaurasia    

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Top Glove shuts down factories amidst rising COVID-19 cases in Malaysia
Top Glove shuts down factories amidst rising COVID-19 cases in Malaysia
By Nikita Chaurasia

  The company has reportedly ceased its operations after 2453 employees tested positive for the Coronavirus. The company’s shares plummeted by 7.5% after the Malaysian government ordered to shut down 28 of its factories. As per relia...

Belcan becomes software engineering services firm Avista’s new owner
Belcan becomes software engineering services firm Avista’s new owner
By Nikita Chaurasia

Belcan, LLC, a leading supplier of engineering, technical recruiting, supply chain, and information technology (IT) services to various sectors, reportedly announced the acquisition of Avista, Inc., a safety-critical and mission-critical software eng...

Swisscom to install Nokia FastMile 5G Receivers in Switzerland
Swisscom to install Nokia FastMile 5G Receivers in Switzerland
By Nikita Chaurasia

Nokia, the leading Finnish telecommunications giant, has reportedly announced that Swisscom, a renowned Swiss telecommunications firm, would install Nokia FastMile 5G Receivers across rural areas of Switzerland to provide high speed broadband service...

CDC funds $1.5 Mn for co-robots; aims to reduce worker exposure
CDC funds $1.5 Mn for co-robots; aims to reduce worker exposure
By Nikita Chaurasia

Projects developed through this grant is expected to be used in developing collaborative robots for use in the manufacturing and healthcare industries. With over more than 5000 workers losing their lives due to work-related injury in the United ...

Telia & Ericsson join hands to launch Estonia’s first 5G network
Telia & Ericsson join hands to launch Estonia’s first 5G network
By Nikita Chaurasia

Telia, a Swedish multinational telecommunications company, will be the first one to begin 5G in the country which will be powered by Ericsson 5G technology. With this move, the company will be enabling innovation for businesses and provide high-speed...