BlockchainFinancial ServicesMarketSupply Chain Management

Wecast and He Ying Private Equity Fund Apply Blockchain to Automotive and Commodities Industries

Wecast Network, Inc. has announced the formation of a Joint Venture called ‘Seven Stars He Ying Smart Cloud’ (SSHY), with Beijing HE YING Fund Management Limited (He Ying). The JV, which will be 51% owned by Wecast and be added to the Product Sales Cloud, will focus on several strategic areas using Wecast’s burgeoning BASE + VPaaS infrastructure: supply chain finance, supply chain management and financial settlement for both the automotive and commodities industries as well as a global commodity index exchange module based on the NextGen Exchange Group’s existing platform, trading system and technology.

Aiming to provide total B2B business solutions for the constantly evolving business landscape, Wecast Network is focussing on Blockchain, Artificial Intelligence, Supply Chain & Exchanges – BASE technology and infrastructure – to power its Virtual Platform as a Service – VPaaS – Wecast is creating a closed trade ecosystem for buyers and sellers designed to eliminate supply chain and transactional middlemen and create a more direct and margin-expanding trading path for principals.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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