OKEx Catalyzing the blockchain adoption in China while India is still amidst regulatory uncertainty

OK Group has joined the first batch of blockchain enterprises settled in the Hainan (Sanya) International Offshore Innovation and Entrepreneurship Demonstration Zone

On December 1, OK Group attends co-hosted the Construction of Hainan (Sanya) International Offshore Innovation and Entrepreneurship Demonstration Zone and Blockchain* Digital Asset Trading Technology Innovation High-Level Forum as the co-organizer, in which the first Demonstration Zone in Hainan (Sanya) wais officially established. As reported, thisThe forum wais hosted by the local government governmental subdivisions in Hainan Province, China to facilitate the global innovation and adoption of blockchain technology and industry around the globe.

Fig1. The establishing ceremony of Hainan (Sanya) International Offshore Innovation and Entrepreneurship Demonstration Zone

At this forum, OK Group has signed a strategic cooperation agreement with the Sanya Government, . and As a result wais reported that OK Group will set up the Asia headquarter will to build up the blockchain offshore asset exchange lab, along with blockchain big data research institute, and blockchain innovation application R&D center, etc. in the Sanya Yazhou Bay Science and Technology City. In addition, OK Group will also set up the Asia headquarter there.

Fig2. The signing ceremony of cooperation between OK Group and Administration of Sanya Yazhou Bay Science and Technology City

Star Xu, Founder of OK Group, made a speech with the topic during a speech on the topic of, “The present and future of blockchain technology”, saying Star Xu, Founder of OK Group said, that “in practice, blockchain is a distributed and immutable database, and the improvement of database technology makes an important role in facilitating the development of Internet in the last 20 years.

In short, Blockchain is also a kind of distributed database technology with notable features such as cryptography and smart contract to enable a new class of applications such as payments, Internet of Things, data collection, and supply chain. which is built on top of the existing Internet technology, and it is distributed through the whole Internet, not on the individual server. Everyone will have access to the entire database, but with encryption, technologiesCryptography is a set of tools used in wallets, transactions, security and data privacy.

By using cryptography, safe, immutable and trustless peer to peer transactions could be realized for the first time, as only owners will be allowed to access their assets. S, it is also possible to realize the situation that only the authorized parties can have the access so that it can protect the privacy, which is epoch-making because this is the first time in the information age to realize P2P transaction.

The smart contract is a protocol intended to digitally verify, facilitate or enforce the negotiation or performance of a contract. , a kind of electronic contract based on blockchain technology, is the programming with compulsory execution ability. It is a P2P and irreversible database that has the ability to collect the transaction data, store the applications, possess the executability and immutability. In conclusion, this is blockchain. “

Speech of Star Xu, Founder of OK Group

OK Group has become a large global blockchain group after 6 years of consistent researches and efforts in the blockchain industry. With the global headquarter set in Beijing, OK Group has branches in more than 10 countries, including the United States, Europe, Korea, and Japan, etc.

Almost importantly, the industry influence, technical strengths and talent reserve in the OK Group are all at the top of the industry, . and withWe will continue our expansion by setting up the OK Group’s Asia headquarters in Sanya, OK Group will make full use of the group advantages and to be a key player to contribute to the growth of assist to construct the blockchain ecosystem in the future region.