Multinational telecommunications and consumer electronics giant Huawei has signed a strategic cooperation agreement with China’s central bank, the People’s Bank of China (PBoC).

According to a statement from Huawei’s WeChat channel on Nov. 4, PBoC deputy governor Fan Yifei attended the signing of a fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute at Huawei’s headquarters in Shenzhen.

The announcement did not mention details regarding the agreement, or whether it includes joint research on blockchain technology or digital currencies. Huawei has not responded to Cointelegraph’s request for comment as of press time. 

Huawei is active in the blockchain space

Huawei has been actively developing its blockchain capabilities over the past few years. In April 2018, the firm launched its Hyperledger-based blockchain-as-a-service platform — Blockchain Service — one month after the release of Huawei and Hyperledger’s joint project Caliper.

In June, the firm was considering launching blockchain services in Latin America. Speaking to Cointelegraph Brasil, an anonymous Huawei executive said at the CIAB Febraban conference on…

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Author: Aaron Wood


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