Recently, Baofeng.com, the domestic videostream portal giant, whose Baofeng Xinying Technology Co., Ltd. reached a cooperation agreement on blockchain technology with Quantum Blockchain (short for Qtum). It is the world’s first signed BCN (Blockchain Consensus Network) service agreement. These two parties will conduct a series of cooperation in the deployment of full nodes in the blockchain network, the integration of blockchain and video industry, as well as the construction of blockchain-based open source community, so as to jointly promote the commercial success and technology development of China’s blockchain technology.
Since its establishment in January 2007, Baofeng has been committed to providing Internet users with the easiest and most convenient Internet media player solution with video decoder and audio decoder technologies being the world’s leader. Currently, Baofeng lives up to the reputation of domestic video portal giant with the number of users more than 200 million. Since its listing in March 2015, the total market capitalization of Baofeng Group has exceeded 8 billion CNY. As a pioneer of Baofeng Group to enter the blockchain field, Baofeng BFC Boko Cloud launched by Baofeng Xinying Technology Co., Ltd. drew much attention with orders in advance of more than 500,000. Its BCN service is the world’s first and a help to the rapid deployment of full nodes in the area of blockchain business.
http://news.8btc.com/china-videostream-giant-baofeng-sign-1st-bcn-agreement-with-qtum
