FUZAMEI won the award of World Blockchain Conference (Wuzhen) Annual BaaS (Back-end Service)

Fuzamei
Fuzamei
Jul 3, 2018 · 3 min read

On June 30th, FUZAMEI was invited to Wuzhen World Blockchain Conference and gave speech with title of “Let SMEs Stop Investing in Thirsty Funds — Block Chain Assisting Supply Chain Finance”.

The World Blockchain Conference was hosted by Babbit, including famous science fiction writer, Liu Cixin; the founder of Funcity Capital, Chen Weixing; the CEO of Time Stamp Capital, Li Zongchao, and other famous blockchain celebrities at home and abroad. Industry elites, experts and government officials gathered together. The summit included 1 main venue, 9 branch venues and 48 booths. The conference venue area exceeded 20,000 square meters, and more than 4,000 guests attended the conference.

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At the opening ceremony of the meeting, Jin Xuejun, president of the Zhejiang Province Blockchain Technology Application Association, claimed that the value of blockchain will reflect in several dimensions with the technology maturity. First, it promotes the development of a new generation of information technology industry; second, it provides technical support for economic and social transformation and upgrading; third, it fosters new opportunities for entrepreneurial innovation; fourth, it provides technical means for the improvement of social management and governance.

“It’s not necessary to discuss whether to use blockchain, because everyone will be engaged in blockchain.” Mr WU pointed out that the successful possibility of financial institutions and large enterprises in blockchain is not as high as that of start-up companies, because blockchain is an epoch-making invention. “. The start-up company has totally new mindset and technology while the traditional finance company always be lagged by traditional mindset and takes long time to make a transfer.

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In the afternoon, Mr WU participated in the round table discussion with other blockchain experts such as the director of the Six Domain Chains,GUO Min; the CEO of Bank Ledger, WANG Chuyun; the founder of JILUYOU, WANG Chu Yun and the found of VNT Chain. They discussed the topic of “breaking the game — looking for the next killer blockchain application”.

FUZAMEI won the award of World Blockchain Conference (Wuzhen) annual BaaS (back-end service). This award was voted by millions of neitizens and went through one month. Finally, FUZAMEI stand out from other four candidates, which are Hyperchain, Trust SQL, YUNPHANT and JUZIX.

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FUZAMEI was established in 2008. In 2013, it launched technology research and development on blockchain. At present, there are nearly 300 employees, 80% of whom are technician and talents from major companies such as Alibaba and Huawei. FUZAMEI is headquartered in Hangzhou and has branches in Shanghai and Nanjing. The number of patents in blockchain enterprises ranks in the top five worldwide. At present, it has applied for more than 50 blockchain invention patents, 2 of which have been authorized. The company is mainly engaged in blockchain bills, receivables, prepayments, warehouse receipts, points, wallets, exchanges and other services. It has already made cooperation with worldwide Top 500 companies, such as: Midea Finance, Hainan Airlines Haiping line and Power Giants.

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