The company behind APEX Network is a Shanghai-based AI and data technology company Chinapex, and APEX is focused on blockchain for next generation of B2C applications. In April 2018 it has emerged that Shanghai Data Exchange entered into a cooperation agreement with AI and Blockchain company Chinapex and its blockchain division APEX Network.
Shanghai Data Exchange is one of the largest big data platforms in China and is backed and approved by Shanghai Municipal People's Government propelling the data-driven capabilities of various core economic sectors. Shanghai Data Exchange has already partnered with such major companies as Alibaba, Huawei, and Deloitte.
Enhancing consumer consent and compliance protocols is one of the core principles we uphold when building APEX Network. We aim to help all of our enterprise users to adopt best practices become GDPR (General Data Protection Regulation) compliant.
CEO, APEX Network and Chinapex
APEX considers an acquisition of new datasets from the Shanghai Data Exchange consortium, but mainly it plans to use the cooperation for data verification only, which is a big use case for APEX blockchain and its future dApps; while Shanghai Data Exchange will help add value to Chinapex's artificial intelligence capabilities enriching the dataset.