OK Group to invest 140 million USD to set up a blockchain innovation centre

Wednesday 4 December 2019 09:02 CET | News

OK Group has announced setting up the ‘Asia Pacific Innovation Center’ together with the local government.

Furthermore, OK Group announced intentions to invest over 140 million USD in the centre to facilitate the blockchain adoptions with different industries. The first phase of this plan will include blockchain data research institution, blockchain innovation centre, and International blockchain innovation and entrepreneurship base.

The blockchain data research institution will put more emphasis on the development of key technologies and applications to empower the blockchain technology with the real adoptions.

Moreover, the establishment of Innovation Center will enhance the research and development of the blockchain underlying technology, facilitating the blockchain application scenarios including education, employment, healthcare, food safety, charity, etc.

Besides, the OK Group CEO introduced the offshore digital asset exchange labs, which will implement the research and development of digital asset exchange technologies to build the gateway for offshore digital assets around the globe.

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Keywords: blockchain, Development, OK Group, investment, digital asset exchange labs, China, Asia
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Asia
This article is part of category

Blockchain & Cryptocurrencies