The authorities of Xiongan, a Chinese analogue of the Silicon Valley, turned to the Ethereum-startup ConsenSys with the request to help with the use of a detachment in the city infrastructure. It is reported by South China Morning Post.
As one of our first major projects in the People’s Republic of China, we are excited to help define the many ‘use cases’ that could benefit from the trust infrastructure enabled by ethereum technology.
The parties signed a memorandum of intent in Beijing.
ConsenSys became the first foreign company to be connected to the construction of the "city of the future". Previously, the authorities of Xiongang enlisted the support of local blockchain start-ups, including Tencent, Ant Financial and Qihoo 360.