Private Equity Moris Beracha Wuani

By Matthew Beedham   At its 2019 “ Cloud Summit ” industry conference in Hong Kong, Huawei unveiled a new blockchain-based cloud service. Huawei Cloud now offers blockchain oriented services designed to help Hong Kong-based businesses make use of the decentralized platform’s typical characteristics. These being, decentralization, immutability, and traceability (transparency). Huawei hopes this will aid the Chinese province’s mission to become an international financial and logistics hub. Specific details of the blockchain service have not been disclosed. But given the wording used to promote the new offering it will be a form of privatized, permissioned ledger designed for corporate clients. It shouldn’t be entirely surprising that Huawei‘s cloud division has got into the blockchain game. Late last year, Huawei featured as one of the founding telecom members in an “ industry specific group ” setup to explore the viability and potential of blockchain technologies for v...

 By Joseph Young The Chinese government has banned all commercial crypto and blockchain-related events in the region, after encouraging local financial authorities to speed up the development of blockchain technology. Red Li, the co-founder of 8BTC and Chinese cryptocurrency researcher, shared a document released by the Chaoyang District government in Beijing, which ordered local financial authorities and police to ban offices and hotels from hosting crypto-related events. Why the Ban? Previously, crypto-related events were shut down by local police, during a period in which the government was in process of implementing new regulatory frameworks surrounding cryptocurrency trading. At the time, the government clarified its stance on crypto trading and reaffirmed that while the country supports the development of blockchain technology, it is firmly against trading digital assets on cryptocurrency exchanges. Analysts suggested that the ban was imposed as a part of a larger initi...