The three largest telecommunications companies in Hong Kong; China Unicom, China Telecom and China Mobile plan to join together to use blockchain technology to improve operations and security in the industry, according to the Asia Times.
In a statement, the Academy of Information and Communications Technology (CAICT), a research department under the jurisdiction of the Ministry of Industry, Information and Technology, said that the 3 companies would have joined the Trusted Blockchain Iniaitive (G2).
Chinese telecommunication companies are considered the driving force behind the most important mobile telephony market in the world, and their medium and long-term plan will focus on the development and implementation of blockchain-based applications related to data sharing, the Internet of Things ( IoT) and identity verification. The idea is aimed at reducing operating costs and increasing the efficiency of the respective organizations.
According to the report, Huawei Technologies, the world's largest telecommunications equipment provider, would be in charge of the coalition formed by the companies.
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In a statement, the Academy of Information and Communications Technology (CAICT), a research department under the jurisdiction of the Ministry of Industry, Information and Technology, said that the 3 companies would have joined the Trusted Blockchain Iniaitive (G2).
Chinese telecommunication companies are considered the driving force behind the most important mobile telephony market in the world, and their medium and long-term plan will focus on the development and implementation of blockchain-based applications related to data sharing, the Internet of Things ( IoT) and identity verification. The idea is aimed at reducing operating costs and increasing the efficiency of the respective organizations.
According to the report, Huawei Technologies, the world's largest telecommunications equipment provider, would be in charge of the coalition formed by the companies.
Every day there are more companies that are joining the world of block chain, the growth of the world of cryptocurrencies has no ceiling, that is why we recommend you consider Brazio Coin, a project that will give much to talk about in the future.
If you liked this article, we invite you to follow us on our instagram: @braziocoin
Do you want to buy Brazio Coins? Enter already in braz.io and invest before your price goes to the moon!
