{"id":531787,"date":"2021-02-25T15:46:01","date_gmt":"2021-02-25T15:46:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=531787"},"modified":"2021-02-25T15:46:01","modified_gmt":"2021-02-25T15:46:01","slug":"geely-to-build-blockchain-jv-with-swiss-foundation","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/geely-to-build-blockchain-jv-with-swiss-foundation_531787.html","title":{"rendered":"Geely to build blockchain JV with Swiss foundation"},"content":{"rendered":"<p style=\"text-align: justify;\">Zhejiang Geely Holding Group, the country&#8217;s largest private carmaker, has inked a deal with Switzerland&#8217;s Concordium Foundation to offer blockchain technology and service in <a rel=\"nofollow\" href=\"http:\/\/www.ehangzhou.gov.cn\" target=\"_blank\">Hangzhou China<\/a>.<\/p>\n<p style=\"text-align: justify;\">The foundation is a non-profit organization with the goal to build the world&#8217;s leading open-source, permission-free, and decentralized blockchain with built-in user identity at the protocol level.<\/p>\n<p style=\"text-align: justify;\">In a statement on Friday, Geely said the two will build a joint venture in China, with Geely holding a majority stake of 80 percent. The joint venture is expected to become operational this year, subject to regulatory approvals.<\/p>\n<p style=\"text-align: justify;\">The joint venture will provide a blockchain and assist customers in building business use-cases and solutions in various industries.<\/p>\n<p style=\"text-align: justify;\">Geely CEO Daniel Donghui Li said: &#8220;Being able to leverage Concordium&#8217;s world-class blockchain technology will set industry standards with its underlying infrastructure for blockchain applications.&#8221;<\/p>\n<p style=\"text-align: justify;\">Li said Geely has been actively pursuing transformational technologies by building alliances, and synergizing global resources to create greater value for its users.<\/p>\n<p style=\"text-align: justify;\">Lars Seier Christensen, chairman of the Concordium Foundation, said for businesses, blockchain is still a novel technology, ready to be used for business applications.<\/p>\n<p style=\"text-align: justify;\">&#8220;We are excited about enabling this possibility. And it&#8217;s not only for the CTOs to understand; it&#8217;s for the strategic business developers, for the CFO, and not least for the CEO,&#8221; said Christensen in <a rel=\"nofollow\" href=\"http:\/\/www.ehangzhou.gov.cn\" target=\"_blank\">Hangzhou<\/a>.<\/p>\n<p style=\"text-align: justify;\">In the statement, the two companies said they will develop this technology further in China and explore pathways to reduce the cost of trust, and provide companies with access to a platform with the tools they need to grow.<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/ehangzhou.gov.cn_60564.html\" rel=\"nofollow\">The Information Office of Hangzhou Municipal Government<\/a><br \/><strong>Contact Person:<\/strong> Cai Jingwen<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=geely-to-build-blockchain-jv-with-swiss-foundation\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> 0510-68559077<br \/><strong>Country:<\/strong> China<br \/><strong>Website:<\/strong> <a href=\"http:\/\/www.ehangzhou.gov.cn\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.ehangzhou.gov.cn\/<\/a><\/p>\n<p><object type=\"text\/html\" data=\"http:\/\/www.ehangzhou.gov.cn\/\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=geely-to-build-blockchain-jv-with-swiss-foundation\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zhejiang Geely Holding Group, the country&#8217;s largest private carmaker, has inked a deal with Switzerland&#8217;s Concordium Foundation to offer blockchain technology and service in Hangzhou China. The foundation is a non-profit organization with the goal to build the world&#8217;s leading &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/geely-to-build-blockchain-jv-with-swiss-foundation_531787.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,410,413,442,415],"tags":[],"class_list":["post-531787","post","type-post","status-publish","format-standard","hentry","category-Business","category-Manufacturing-Industry","category-Services","category-Shopping-Deal","category-Transportation-Logistics"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/531787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=531787"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/531787\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=531787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=531787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=531787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}