[2017-01-19]China company invest 300mil to build world's first blockchain farm

[hl5460]

Zhongnan Construction (SZ:000961) announced that the company plans to contribute 297 million yuan(~43 million USD) to set up Zhongnan Constrcution Blockchain Agricultural Company in Shenzhen. Along with Beidahuang(SH:600598), the new branch company will set up a joint company to build a agricultural product trading platform and financial platform on the basis of the agricultural data, and establishes a supply and certification traceability system based on blockchain technology for agricultural products. The Zhongnan Company invest 299.99 million yuan, holding 80% stake in the joint company, while Beidahuang invest 1 yuan to hold 20% shares.


http://news.8btc.com/china-company-to-build-worlds-first-blockchain-farm-with-iot-data

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[notthematrix]

Zhongnan Construction (SZ:000961) announced that the company plans to contribute 297 million yuan(~43 million USD) to set up Zhongnan Constrcution Blockchain Agricultural Company in Shenzhen. Along with Beidahuang(SH:600598), the new branch company will set up a joint company to build a agricultural product trading platform and financial platform on the basis of the agricultural data, and establishes a supply and certification traceability system based on blockchain technology for agricultural products. The Zhongnan Company invest 299.99 million yuan, holding 80% stake in the joint company, while Beidahuang invest 1 yuan to hold 20% shares.


http://news.8btc.com/china-company-to-build-worlds-first-blockchain-farm-with-iot-data

Private blockchain is like......
https://www.youtube.com/watch?v=t0gqSXEJz0E

[Idrisu]

Zhongnan Construction (SZ:000961) announced that the company plans to contribute 297 million yuan(~43 million USD) to set up Zhongnan Constrcution Blockchain Agricultural Company in Shenzhen. Along with Beidahuang(SH:600598), the new branch company will set up a joint company to build a agricultural product trading platform and financial platform on the basis of the agricultural data, and establishes a supply and certification traceability system based on blockchain technology for agricultural products. The Zhongnan Company invest 299.99 million yuan, holding 80% stake in the joint company, while Beidahuang invest 1 yuan to hold 20% shares.


http://news.8btc.com/china-company-to-build-worlds-first-blockchain-farm-with-iot-data

Private blockchain is like......
https://www.youtube.com/watch?v=t0gqSXEJz0E

Am happy that more china company are investing in blockchain. Chinese are the major shareholders in most of the blockchain and crypto currencies' around the world. Remember, that Chinese own up to if not more than 50% crypto currencies investment and because of this any little  positive fundamental issue from China move the bitcoin altcoin market in a fluctuations level.

[notthematrix]

Zhongnan Construction (SZ:000961) announced that the company plans to contribute 297 million yuan(~43 million USD) to set up Zhongnan Constrcution Blockchain Agricultural Company in Shenzhen. Along with Beidahuang(SH:600598), the new branch company will set up a joint company to build a agricultural product trading platform and financial platform on the basis of the agricultural data, and establishes a supply and certification traceability system based on blockchain technology for agricultural products. The Zhongnan Company invest 299.99 million yuan, holding 80% stake in the joint company, while Beidahuang invest 1 yuan to hold 20% shares.


http://news.8btc.com/china-company-to-build-worlds-first-blockchain-farm-with-iot-data

Private blockchain is like......
https://www.youtube.com/watch?v=t0gqSXEJz0E

Am happy that more china company are investing in blockchain. Chinese are the major shareholders in most of the blockchain and crypto currencies' around the world. Remember, that Chinese own up to if not more than 50% crypto currencies investment and because of this any little  positive fundamental issue from China move the bitcoin altcoin market in a fluctuations level.

As long it is the open Bitcoin blockchain I agree https://www.youtube.com/watch?v=o7kD9HCFjHw for the rest Iam Sorry!

[Slow death]

These Chinese are dominating the world of cryptocurrency and bet on the technology. many companies like genesis mining, BitMain... are in China and they have exchanges like BTCC... the Chinese have a very big influence. This is scary

[notthematrix]

These Chinese are dominating the world of cryptocurrency and bet on the technology. many companies like genesis mining, BitMain... are in China and they have exchanges like BTCC... the Chinese have a very big influence. This is scary

There are a lot of people in china.
Some Miners are using a chineese pool.
that does not say all power and BTC are centralized China!

[hl5460]

Zhongnan Construction (SZ:000961) announced that the company plans to contribute 297 million yuan(~43 million USD) to set up Zhongnan Constrcution Blockchain Agricultural Company in Shenzhen. Along with Beidahuang(SH:600598), the new branch company will set up a joint company to build a agricultural product trading platform and financial platform on the basis of the agricultural data, and establishes a supply and certification traceability system based on blockchain technology for agricultural products. The Zhongnan Company invest 299.99 million yuan, holding 80% stake in the joint company, while Beidahuang invest 1 yuan to hold 20% shares.


http://news.8btc.com/china-company-to-build-worlds-first-blockchain-farm-with-iot-data

Private blockchain is like......
https://www.youtube.com/watch?v=t0gqSXEJz0E

Am happy that more china company are investing in blockchain. Chinese are the major shareholders in most of the blockchain and crypto currencies' around the world. Remember, that Chinese own up to if not more than 50% crypto currencies investment and because of this any little  positive fundamental issue from China move the bitcoin altcoin market in a fluctuations level.

Yes, Chinese seems like to convert their capital to technology.
Zhongnan is a real property building contractor.

[hl5460]

These Chinese are dominating the world of cryptocurrency and bet on the technology. many companies like genesis mining, BitMain... are in China and they have exchanges like BTCC... the Chinese have a very big influence. This is scary

You may say Chinese contribute a lot to the development of bitcoin or blockchain related industry.

[maku]

These Chinese are dominating the world of cryptocurrency and bet on the technology. many companies like genesis mining, BitMain... are in China and they have exchanges like BTCC... the Chinese have a very big influence. This is scary

It is scary, but tell me who we can blame in this situation? Definitely not Chinese investors for stepping forward and  grabbing the opportunity of this new tech.
China is growing and they are not afraid of join new technical trends, invest in blockchain tech (although in this case it is totally not bitcoin related).
Western companies have no guts to start projects like these, they are bound by restrictions and regulations to the point it stall their growth.

[examplens]

China are most open country to the cryptocurrency technology, and I think rather influenced the popularity of crypto value. It is legal.
But I also agree not good to have such a concentration, because open up opportunities for manipulation

[Kprawn]

I understand the plan to build agricultural product trading platforms and financial platforms and a blockchain-based product tracking system,

but how does this fit into food safety? Will they use this to track suppliers of food, to make sure they have reliable data to find the culprits that

adds illegal additives to food or produce?  Anyone...