Chinese conglomerate Wanxiang Group, best known as one of the nation’s largest auto parts manufacturers, is investing in blockchain technology through two new initiatives.
First hinted at in a blog post by Ethereum creator Vitalik Buterin, Chao Deng, managing director at Wanxiang -owned subsidiary DataYes, confirmed that the company had completed a purchase of 416,000 ETH, the native token on the Ethereum blockchain, in an total investment of $500,000.
The investment, however, is just the first […]
