IOST X Hainan | Unleashing The Power Of Blockchain By Building Strong Government Partnerships

IOST | 12.03| 233

On Nov 29th, the 2019 International Blockchain Technology Innovation Summit Forum was held in Sanya, Hainan. IOST co-founder Terry attended the summit and shared his insights with various influential figures in both public and private sectors on how blockchain technology can benefit governments and enterprises.

IOST expects further partnership with the Hainan government and will use its deep technical expertise in blockchain technology to develop opportunities in this industry.

IOST Co-Founder Terry Delivered A Speech At The Sanya Summit

The 2019 International Blockchain Technology Innovation Summit Forum was successfully held under the guidance of the Hainan Provincial Department of Industry Information Technology, and supported by major institutions and enterprises, such as the Asian Blockchain Industry Research Institute, China Science and Technology Industrialization Promotion Association, Technology Industry Promotion Working Committee, the Central University of Finance and Economics Blockchain and Digital Economy Research Center, and Beijing Digital Economic Research Institute, Fuxing City Internet Innovation and Entrepreneurship Park, Hainan Software Park, Hainan Provincial Doctoral Fellow Industrial Promotion Association, etc. The summit was also covered by leading media such as 8BTC.

Attending the summit are the mayor of Hainan, the former director of the Bureau of Industry Affairs of the Ministry of Industry and Information Technology, the former deputy director of the Beijing Regulatory Bureau of the China Securities Regulatory Commission, and the former deputy director of the Research Bureau of the People’s Bank of China. They all delivered speeches and expressed their confidence in the blockchain industry.

Digital economist Chen Xiaohua, the deputy director of China Economic Network of the National Information Center, and the Dean of the Asian Blockchain Industry Research Institute shared their opinions on technology development and the empowerment of real sectors. IOST is honored to share the stage with these movers and shakers of the industry.

IOST X Hainan: Grasp The Opportunities And Welcome New Possibilities

IOST has been sparing no efforts to explore new possibilities in blockchain underlying technology construction and mass adoption since the launch of the IOST project.

IOST’s unique PoB mechanism has been regarded as a major technical breakthrough in the blockchain industry. It gained strong momentum in technology commercialization at its initial stage due to the level of investments attracted from leading global investors, development teams and blockchain-related teams.

IOST shall utilize the excellent development environment in China to enhance the blockchain technology that can empower various industries throughout the world, and to solve industrial pain points using crypto technology.

Hainan--The Incubation Ground For Blockchain Solution

The Hainan Provincial Department of Industry and Information Technology approved the establishment of the Hainan Blockchain Pilot Zone in the Free Trade Zone on September 30, 2018.

The Hainan Blockchain Pilot Zone encourages bold experiments and innovative reforms to promote system and industry innovation to gain competitive advantages. It also aims to accelerate the mass adoption and application of blockchain technology and cultivate new industries.

On October 8, 2018, the Hainan Blockchain Pilot Zone in Free Trade Zone was officially established in Hainan Ecological Software Park. Since then, Hainan has been the core test zone for China’s blockchain technology development. Recently, at the Hainan International Digital Assets Trading Technology Innovation Summit, Wang Lu, Vice Governor of the People’s Government of Hainan Province, expressed his hope in Hainan becoming a leading blockchain research and application hub.

Recently, China elevated blockchain development to the national strategic level and regard it as holding critical significance in technology and innovation breakthrough. To answer the government’s call for innovation, IOST shall conduct deep and multi-faceted collaboration with Hainan, other governments and the private sectors to further unleash the power of blockchain.


IOST X Hainan | Unleashing The Power Of Blockchain By Building Strong Government Partnerships was originally published in IOST on Medium, where people are continuing the conversation by highlighting and responding to this story.

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