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Huobi Global Launches Blockchain Plus Initiative and Cloud Service

Huobi Global Launches Blockchain Plus Initiative and Cloud Service

Reading Time: 2 minutes by on July 22, 2018 Development, Exchange, News
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In a bid to make adoption and integration of blockchain technology a frictionless process for startups as well as corporations in the distributed ledger technology ecosystem, Huobi Global, the third largest cryptocurrency exchange by 24 hour trading volume, has announced  on July 20, 2018, preparations for the creation of the Huobi Blockchain Plus Industry Alliance and its Cloud service for cryptocurrency exchanges is now live.

Blockchain to the World

While the revolutionary blockchain technology has proven itself capable of disrupting a vast array of industries in the global economy, many firms still find the integration of the groundbreaking technology quite a herculean task.

Amidst that backdrop, Huobi is bringing together a group of experts well seasoned in the “theory and practice of global Blockchain Plus,” to form a community that would help members to fully leverage the advantages of DLT and token economy in real-life situations, in a frictionless manner.

To make the project a huge success, the Huobi Group has made it clear it would provide the necessary resources needed for active industrial development.

Four Point Blockchain Agenda

The Huobi team has broken down the scope of the project into four major points and have hinted that a “preparatory committee” will be set up by members to formulate rules and oversee the overall work.

As stated by Huobi Global, the primary objective of the Huobi Blockchain Plus Industry Alliance is to assist members in building highly functional blockchain labs at no cost, provide full-process incubation services for partners, create a $100 million Global Blockchain Fund to aid the development of a “vertical industry blockchain.”

Additionally, the community will collaborate with global cryptocurrency exchanges including HADAX, Huobi Korea, Huobi Australia and others to build Blockchain Plus zones aimed at boosting digital currency trading.

At current, highly reputed persons in the Asian academic, Fintech and blockchain sectors have been added to the committee, including the president of Huobi Research and general manager of the Public Chain Department at Huobi, Hubery Yuan, and many more.

Houbi Cloud Service

The Huobi Group’s cloud service is targeted at providing a one-stop solution for exchanges while making it easy for partners to develop highly secure digital assets trading platforms.

According to the statement, more than ten corporations have already become partners of Huobi Cloud, including International Finance Corporation.

“Houbi Cloud will rely on Huobi’s existing digital asset exchange platforms, providing partners with the services of setting up over the counter (OTC) exchanges and cryptocurrency exchanges with little to no IT capacity requirement,” Houbi stated.  

It’s worth noting that Huobi is one of the cryptocurrency exchanges contributing immensely to the development of the global blockchain industry.

On June 5, 2018, BTCManager informed that Huobi had in collaboration with  Binance exchange launched a $1 billion fund to support distributed ledger technology initiatives in China and South Korea.

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