Lingang Manufacturing Exhibition Trading Center Inks Deal With VeChain

Singapore-based VeChain, which focuses on finance, supply chain management, and smart contract, has signed a partnership agreement with Lingang International Intelligent Manufacturing Exhibition Trading Center, owned and operated by the Shanghai Lingang Economic Development (Group) Co., Ltd.

Under the partnership, Lingang’s platform will continuously feature Vechain along with other technological innovations backed by the Eastern China Tech Transfer Center and the government of Shanghai Lingang.

On May 25, the 2018, Blockchain & Industry Convergence Development Forum and the National Eastern Tech-Transfer Center Blockchain Research Lab Establishment Conference was held in Shanghai. The aim of the conference was to encourage blockchain innovation at industrial level. So, Kevin Feng, VeChain COO, attended the event as an honorary speaker based on invitation.

On the sidelines of the event, VeChain signed the agreement with Liangang International Intelligent Manufacturing Exhibition Trading Center. The collaboration will also quicken the reach and development of the VeChain Thor Platform. Using the partnership, the VeChainThor Blockchain team aims to establish its platform on a commercial scale to facilitate data transfer with organizations, and both inside and outside of government industries.

Shanghai Lingang will also be able to support VeChainThor Blockchain-based innovations across multiple industries, research institutions, and government bodies. Shanghai Lingang Area’s strategic value will also improve due to its collaboration with Liangang Group and partnering with Lingang International Intelligent Manufacturing Exhibition Trading Center and corresponding organizations.

The Lingang District Development and Construction Management Committee and the National Eastern Tech-Transfer Center to mobilize global innovation resources established The Lingang International Intelligent Manufacturing Exhibition and Trade Center in order to open up the “last mile of scientific and technological achievements, and promote the transformation of scientific and technological innovation achievements.”

Shanghai’s Lingang Area is quickly turning out to become an international smart manufacturing center. It is creating five platforms to foster research and developments, and technological innovation.

About Lingang Group

Lingang Group, a large state-owned enterprise directly held by the Shanghai State-Owned Assets Supervision and Administration Commission, focuses on investment, development and operation of industrial parks and related supporting services in the park for the area. The company employs over 400,000 people, registering over 8,300 enterprises to their zones, and creating a GDP over 7,400 Billion RMB.

About The Eastern Technology Transfer Center

The Eastern Technology Transfer Center is a national-level regional technology transfer platform jointly promoted by the Ministry of Science and Technology of the People’s Republic of China and the Shanghai Municipal People’s Government. It is coordinated by the Shanghai Science and Technology Entrepreneurship Center under the guidance of the Shanghai Municipal Science and Technology Commission. The Eastern Technology Transfer Center is committed to providing a full package of services including the integrating solutions across entire value chains, the use financial technology, conducting technology exchanges, and participating in industrial incubation services to open up links between government bodies, universities, research institutes and enterprises.