Matrix enters alliance with Chinese civilian, military, tech producing giant

Matrix enters alliance with Chinese civilian, military, tech producing giant

Perhaps it has gone largely unnoticed that Matrix has landed itself in one of the biggest alliances seen in the cryptocurrency space. The day was November 12th when Matrix became a founding member of the Advanced Telecommunication Chain Industry Alliance. Joining Matrix in this alliance was Tianjin University, Nankai University, UNISOC, as well as the Shenzhen based giant, ZTE. In addition to this list is a colossal Chinese enterprise that is largely unknown to westerners, that is of course Tianjin 712 Communication & Broadcasting Co.,Ltd.

What is Tianjin 712 Communication & Broadcasting Co.,Ltd. (天津七一二通信广播股份有限公)?

Tianjin 712 is one of the earliest large-scale comprehensive electronic leading enterprises in China. As the first-class national enterprise, Tianjin 712 has been committed to the development and production of military and civilian communications equipment. The company has always provided a robust foundation for both technology and development for the construction of national defense, railway construction, and the broad masses of customers at home and abroad.¹

In further detail, “Tianjin 712’s main products include air wireless communication terminals, ground wireless communication terminals, railway wireless communication terminals, system products and others. The Company’s products are mainly used in the areas of military, railway, urban rail transit and maritime. The Company distributes its products mainly in the domestic Chinese market.” ²

Brief facts about the alliance

The Advanced Telecommunication Chain Industry Alliance “aims to oversee, promote and accelerate the development of Tianjin’s telecommunications and blockchain industries. To do so, complementary entities from industry, academia and research have come together to pool resources in the spirit of collaboration and exchange. The Alliance’s projects will be guided by the technological innovation needs of Tianjin’s telecommunications and blockchain industries. The MATRIX AI Network is the only blockchain company in the alliance.” ³

This segment’s purpose was to highlight the tech giant that is Tianjin 712. Overall, it is a colossal corporate entity that has extremely close ties with the Chinese government. Seeing how Matrix AI Network is a partner of this behemoth in the alliance is a promising testament to Matrix’s team, technology, and future.

Tune in next time for a brief review of all the Advanced Telecommunication Chain Industry Alliance partners!

Published at Sat, 05 Jan 2019 12:09:09 +0000