The new China Blockchain Ecosystem Alliance is established.

Laoshan District People's Government of Qingdao and China Electronics and Information Industry Development Research Institute have announced the establishment of the China Blockchain Ecosystem Alliance (CBEA).

The announcement was made at the China Blockchain Summit 2017 and CBEA conference on November 8, 2017. The event was co-sponsored by the Organizing Committee of the World Internet Industry Conference, the Blockchain Research Institute of CCID (Qingdao), District Laoshan, Qingdao City Government and the Electronics and Information Industry Development Institute of China

CBEA is a non-profit social organization jointly sponsored by the Development Research Institute of the Electronics and Information Industry of China, as well as universities, research institutes and other companies related to blockchain. It is the first non-profit organization related to Blockchain technology in China to obtain recognition from an industry administrative authority.

The CBEA members include China Software Testing Center, China Software Industry Association, China Security Industry Association, China Electronic Certification Service Industry Alliance, Unifive, Beijing Tiande Science and Technology Co., Ltd., China Minsheng Bank, Beijing Qihoo Technology Co., Ltd., Beijing Shared-Bit Technology Co., Ltd., Wanda Network Technology Group, and more than 100 additional organizations.

Jing-Nan Li, president of Unifive China and vice president of the CBEA council said:

"CBEA is committed to establishing an expert vertical media organization, an important commercial incubation research center and a national blockchain technology institution authorized to validate and strengthen the global adoption of blockchain technology. As a co-sponsor of the alliance, Unifive will dedicate more quality resources to attract talent and ideas to generate productivity. "

According to the official launch, CBEA will focus on the formulation of standards for the development of the Chinese blockchain industry, the promotion of technological innovation and the promotion of early adoption of technology in the real world of business. It will also sponsor the formation of a vertical media system within the blockchain industry to facilitate the exchange of information between professional organizations on a global scale.