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Tech Giant Huawei And Chinese Govt Partner To Propel 5G, AI, and Blockchain Adoption

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The government of Nanshan District in Shenzhen China has put down a deal with Huawei, a leading global provider of information and communications technology (ICT). According to the deal, the two sides have established a strategic cooperation partnership, agreeing to speed up blockchain adoption.

According to a twitter post from news source ‘The Global Times‘, the agreement was penned on Friday with a common interest to seek the application of blockchain. It was also an agreement to help boost artificial intelligence and other new technologies like 5G and big data. All this is expected to boost Shenzhen City which is already the country’s technology backbone into a globally recognized hub.

The People’s Bank of China (PBoC) recently coupled with Huawei to commence examination of its digital currency. The two are as well collaborating with the country’s biggest commercial banks as well as major telecommunications operators to roll out its digital currency.

https://t.me/CryptoMarketTime
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