Chinese firm launches Blockchain digital platform in PH

Published April 15, 2018, 12:00 AM

by manilabulletin_admin

By Bernie Cahiles-Magkilat

China’s Wanxiang International Group has recently launched its Blockchain digital platform in the country driven by the potential of early adoption in the country.

Company chairman Yu Ling Xiong, who discussed their progress and status in Cambodia during a recent forum on Blockchain, expressed optimism  on the future of this new technology and its application in the Philippines.

He also said that blockchain is giving the world a better mode of transaction and interaction. Cagayan Economic Zone Authority Administrator Raul Lambino and PEZA Director General Charito Plaza who joined around 300 participants during the forum were also looking forward to the benefits of Blockchain in the Philippines. Yu noted that the world’s encrypted digital asset has been steadily increasing. According to  a December 17, 2017 data, the total value of digital asset has reached $600 billion compared to $17.7 billion in December 2016.

In just a year, it has increased to approximately 3,300 percent and the result of the massive increase drew the world’s attention. Blockchain and similar digital technology has already become the people’s center of attention and it has become a norm. Private companies and stock traders have also shown interest in investing to this field.

Wan Xiang International Group is an advanced institution for international blockchain research which has the most advanced technology and up-to-date research on the Blockchain platform focused on developing new technology, easy-to-use application and decentralization. They built ecology of digital asset running on blockchain.

Blockchain ecological investor Wang Jin said this breakthrough technology has totally changed the internet and is turning into a great unseen force that will disrupt the norm.

Wanxiang International Group is working hard to build the safest, transparent and convenient environment for the blockchain industry.