Xiamen IOT Technology Co.,Ltd. Partners with Taiwan Cloud Service and Zhangzhou Municipal Gov’t: Becomes First Fujian Blockchain Industrial Park and Incubator

**I originally published this in December but feel the information within is still important when understanding the scope and goals of Walton Chain for any uninformed investors. ***

At this year’s Cross-Strait Talents and Projects Conference held in Zhangzhou, China; the main focus was centered around stimulating communication and prosperity between China and Taiwan. As a means to achieve this objective, the Xiamen IOT Technology Co., Ltd. (Walton-chain implementation team) partnered with the Taiwan Cloud Service Association, as well as the Zhangzhou municipal government in order to announce a proposed construction plan for a blockchain park project within the Zhangzhou region. The project consists of many cross-strait experts in the tech industry and will act as a key resource for blockchain engineers to gain implementation experience in the blockchain industry.

Following this announcement, a cooperation agreement for a cross-strait blockchain incubator between the Zhangzhou High-Tech Zone (Technology Development Zone) and IOT Technology was signed. The partnership will be co-developed by IOT Technology and the Taiwan Cloud Service Association. Additional parties to the agreement include the College of Computer Science and Technology of Huaqiao University and the Chinese Association for Science and Technology among others.

According to Harry Lin, the IOT Technology CEO, “Signing a cooperation agreement on cross-strait blockchain talent bases in Zhangzhou High-Tech Zone will not only fully prove the strength of IOT Technology Co., Ltd in the blockchain industry, but also demonstrate its determination to promote the development of China's blockchain industry. The foreseeable future will see IOT Technology definitely become the pacesetter in the blockchain industry” (Source 1).

A link that helped lead to the IOT Technology partnership with the Taiwan Cloud Service Association is the inclusion of Zhu Yanping as a member of the Walton Chain Senior Advisory Board. In addition to his role in Walton Chain, which IOT Technology has been tasked with implementing, Mr. Yanping is also a Chairman of the Taiwan Cloud Service Association, which helped to create a joint interest between the two companies.

https://twitter.com/WTCWaltonNews/status/932718769054642176

For IOT Technology and Walton Chain, the joint venture is of key importance as the Taiwan Cloud Service Association, “...involves all of the country’s major cloud computing players from government, industry, and academia, [and] has been formed to foster collaboration and integration among service providers and to coordinate domestic and international cloud computing alliances” (Source 2).

Furthermore, the Taiwan Cloud Service Association is also in charge of providing policy-making feedback to the government and is comprised of, “...more than 150 ICT companies in Taiwan, including the three main service providers, Chung-Hwa Telecom, Taiwan Fixed Networks, and FarEasTone Telecommunications, the world's four largest server ODM manufacturers, Inventec, Foxconn, Wistron, and Quanta, the world's top network switch ODM manufacturers, Accton and Alpha Networks, and several international companies such as Intel, Microsoft, Cisco, NEC and Fujitsu” (Source 3).

One advantage of building the incubator in the Zhangzhou Hi-Tech Industry Development Zone, is the region’s strong infrastructure which has already, “...established a startup service center, professional incubations, innovation bases and complete service agencies, [and] fosters over 1500 hi-tech enterprises” (Source 4).

Additional information detailing the Zhangzhou Hi-Tech Development Industry Zone include:
-9 out of world top 500 enterprises have invested in the zone
-Third for five successive years among 53 national hi-tech zones in terms of per capita profit.
-Metropolis that is second in size only to Shanghai
-Located in the most economically developed Yangtze Delta
-Capital of Zhejiang Province
-Only state-level Hi-tech Industry Development Zone in Zhejiang Province
-180 km away from Shanghai and Ningbo
-Communication hub in East China
-Software development and production hub
-Rapid development with independent intellectual property like Sunyard, Alibaba, etc.
-Software development and production involving in fields of securities and finance, e-commerce, ERP, CAD
-One of 11 national software industry bases

References

Source 1: https://www.waltonchain.org/news-detail?id=000000005faeedb8015fdc5389d90002
Source 2: https://www.researchgate.net/publication/241638790_Cloud_Computing_in_Taiwan
Source 3: https://www.openstack.org/foundation/companies/profile/ccat
Source 4: http://www.usachina.org/english/developzone/dz19.htm