Smart City Founders, Alibaba Cloud & Waltonchain Subsidiary Zhongchuan IoT, Sign Strategic Partnership

Recently, Xiamen ZhongChuan IoT Industry Research Institute, a subsidiary of Waltonchain, reached a comprehensive cooperation intention and signed a partnership agreement with Alibaba Cloud (Aliyun) to join hands in the areas of smart city solutions and blockchain application schemes.

Waltonchain Project Director Mr. Lin and Alibaba Cloud IoT Business Department Head Mr. Xie

With the continuous development of human society and the continuous expansion of modern cities, the world’s bearing capacity is facing a severe test. According to the World Bank, by 2030, two-thirds of the world’s population will live in cities. As the city’s population increases, the strain on limited resources and services available, such as energy, health care, housing, transportation and water, will increase at an unprecedented rate. ‘Smart cities’ is not just a buzzword, they are the perfect solutions to these challenges.

Speaking on how the new central government will improve the urbanization level, during the presentation of the 2015 Government Work Report, the Prime Minister of China Li Keqiang delineated the following strategy : “Develop smart cities, protect and inherit the history and regional culture.” This clearly shows that smart city construction has been introduced into the central government plans and is valued at the highest level.

The Xiong’an New Area, established by the President of China Xi Jinping in April 2017, is the national-level object of pride promoting the development of new fields. It is expected to become the development hub for the Beijing-Tianjin-Hebei economic triangle and the second capital of China. The Xiong’an New Area is also considered the best place to test the urban construction abilities of blockchain. Utilizing the blockchain, Xiong’an can better achieve its goal of becoming a smart city. Yuhang Economic and Technological Development Area, as the benchmark of the current smart economy, is also promoting the construction of a smart economy and the smart cities comprehensively.

The strategic location of Xiong’an New Area

Relying on its own excellent resources in cloud computing and artificial intelligence, as well as years of accumulated technology, Alibaba Cloud is committed to becoming the “smart engine” of the new smart city in China and providing a steady flow of computing power for the construction of the new smart city. In recent years, Alibaba Cloud has boosted the smart city construction and has already started cooperation with many provinces and cities in the areas of cloud computing and big data. From the viewpoint of smart city construction, apart from being the leading organizer of smart city construction, smart city operator and service provider, the government also pays attention to cloud computing infrastructure service providers and IoT + big data application service providers.

The partnership of the Xiamen ZhongChuan IoT Industry Research Institute and Alibaba Cloud will provide Alibaba Cloud with multiple IoT application solutions designed by the ZhongChuan IoT and help establish an artificial intelligence hub for urban management and promote the smart city development.

The partnership focuses on:

1. Promotion of Waltonchain blockchain technology to achieve the municipal and commercial IoT coverage.

2. Establishment of new smart cities in Xiong’an and Yuhang.

3. Construction of smart city schemes and their application; resource allocation optimization and achievement of smart resource allocation through the blockchain + IoT technology.

The strategic significance of smart city construction:

1. Promotes the efficient operation of urban management;

2. Promotes the optimization and upgrading of the urban industrial structure;

3. Promotes the green development of the urban economy.

In the future, ZhongChuan IoT and Alibaba Cloud will cooperate to jointly develop more advanced blockchain + IoT solutions that will bring maximum convenience to urban life and management to bring about tremendous and far-reaching changes to the city’s modes of production, lifestyles, public services, government policies, municipal management, social welfare, etc. At the same time, it will also have a positive impact on the three-dimensional integration of the Internet of Things, the Internet, big data and the blockchain in promoting the development of smart city applications.