Beijing Tai Cloud Technology, the first blockchain company in China's new OTC market (stock code: 430070), has announced the launch of its UAE operations aimed to leverage opportunities of trading in blockchain technology.

Tai Cloud is a pioneer in the research and application growth of the blockchain innovation system in the People's Republic of China. The company established the Tai Cloud Dubai Branch and China Blockchain Application Research Centre (Dubai) in line with the blockchain technology programmes to empower Dubais Smart City drive.

Tai Cloud partners with Dubai-headquartered Duwaya Financial investment Group to introduce the operations in the UAE.

Mr. Danny Deng, Chairman of China Blockchain Application Research Center and Chairman of Tai Cloud Group; Dr. Wang Wei, Founding President of the China M&A Association; Mr. Abdulhamid Duwaay, Chairman of Duwaya Investment Group; and Mr. Behram Faroogh, PwC Partner attended the launch ceremony.

Discussing the launch, Mr. Danny Deng said, "We are proud to introduce Tai Cloud procedures in Dubai. Dubai is among the world's initial cities to be driven by the blockchain modern technology and has a top quality soil for the growth of the blockchain industry."

" With this establishment of Tai Cloud Dubai Branch in Dubai, we are promoting the growth of Dubai's smart city program by carrying out the Tai Cloud blockchain industry past China. The development of the China Blockchain Application Proving Ground (Dubai) intends to advertise the blockchain industry and academic exchanges between China and the UAE to enhance the interaction in between the blockchain highlands of China and the UAE." he added.

" We have been releasing the global blockchain industry in China for the previous one year, following the country's 'One Belt, One Road' initiative, a major financial program that could change trade in Asia," Deng further said.

Tai Cloud developed the first financial-level blockchain system of independent intellectual property civil liberties in China in 2014. Tai Cloud established blockchain industry system in numerous fields like copyright, food, transportation, treatment, public well-being, supply chain, big data, tourist and money, and supplemented by offering industry services.

Tai Cloud has received regarding 100 licenses and software copyrights in the fields of blockchain, cloud computer and other technologies.

About Tai Cloud

Tai Cloud is also the earliest enterprise in China to research and establish and popularize the blockchain technology. Tai Cloud gives the blockchain application in different fields with stable underlying infrastructure and general business platform components, and it could incorporate the blockchain with the typical IT innovation, Internet of Points, big information, cloud computer, expert system, and so on for
specific business demands to offer reasonable mashup system style.

As the leading business in the field of blockchain in China, Tai Cloud is the first 'pilot' gain access to unit of the national Internet monetary threat analysis modern technology platform, and it works as the Deputy Group Leader of the brand-new technology pre-research functioning group and the security technology standardization working group in National Internet Financial Protection Technology Partnership. Tai Cloud is likewise entailed in the growth of the blockchain safety and security innovation requirement and the compliance blockchain standard of the National Internet Emergency Center in China.