On June 21, around 20 institutions including Tencent Security, token trading platform Huobi.com (火币网), and China Blockchain Research Center (中国区块链应用研究中心), together established the China Blockchain Security Alliance (中国区块链安全联盟). The announcement was made during the first China Blockchain Security Summit (中国区块链安全高峰论坛) in Beijing.

The Alliance’s mission is to ensure the healthy and sustainable development of the blockchain ecosystem and protect it from fraud. “We are willing to participate in blockchain’s industrial construction in the name of Tencent. We hope to contribute to blockchain’s security in China,” Ma Bin, vice president at Tencent said during the Summit.

ICO mania and commercial blockchain concepts have been attracting massive attention in China. Additionally, expectations for blockchain’s performance from the National Audit Office and other state institutions have prompted greater interest in both the technology and the investment behind it.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com