It was just recently that Huobi Labs proceeded to sign an agreement with Tianya Community in a concerted effort to set up a “Global Cultural and Creative Blockchain Lab.” Hainan Province was seen as a perfect place and there was need to channel funds to support the blockchain industry worldwide.
Latest Plans of Huobi China
An official familiar with the matter disclosed that Huobi China was willing to support a national-level strategy. To achieve its goal, it intends to use its capital, talent, resources and technology in the diverse global blockchain industry. It will be seeking to explore the construction of an international free trade port as well as make major contributions to the Hainan Special Economic Zone development.
Huobi is looking forward to accomplishing much this year. It intends to generate an industry fund of about a billion dollars. Secondly, it is looking forward to constructing a 40,000-square-meter blockchain incubator. Thirdly, it wants to partner with top companies around the globe to build about 10 global blockchain labs and above all it will be seeking to move its Huobi China headquarters, the Hainan Ecological Software Park.
Huobi’s strategies
Huobi recently reached out to the Chinese government to seek out its partnership. The move by Huobi to start offering the Huobi Token has been commended by a number of market analysts following closely on the matter. The Chinese exchange giant is optimistic that it will be able to make major expansions into the major cryptocurrency markets in Japan and South Korea.
It is possible for the various companies to leverage blockchain technology in a bid to give a major boost to the efficiency of their business operations. To assist them further, Huobi Labs is reaching out to a number of universities with the objective of making major advancements in Blockchain research. It expects to connect with interested enterprises and students as well.
Much has happened in the recent times including the unveiling of the Huobi Token (HT). Reports indicate that the efficiency token was going to be limited to about 500 million chips.
