Volvo's parent company establishes blockchain joint venture headquarters in Wuxi, China

Geely Digital Technology has already developed a blockchain as a service platform via its partnership with Concordium. On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture headquarters in Wuxi, China. The project aims to develop blockchain technologies and improve blockchain standards, mainly in the automotive industry.

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