The Belt and Road Initiative Blockchain Alliance (BRIBA) by VeChain

The Belt and Road Initiative Blockchain Alliance (BRIBA) by VeChain

The 3rd Belt and Road Initiative (BRI) Forum of Tsinghua University was held in Shanghai from December 19 to 20. At that forum establishment of The Belt and Road Initiative Blockchain Alliance, which is referred to as ‘’BRIBA,’’ was done with an eye to speed up the betterment of the BRI, a global development strategy adopted by Chinese government, by leveraging the blockchain technology. In establishing this initiative VeChain, together with DNV GL, Tus Data Asset, and China Silk Road Group Limited took part.

The Belt and Road Initiative Research Institute of Tsinghua University is an elite think tank backed by the renowned Tsinghua University and the China Silk Road Group Limited is a business group covering finance, satellite Geo-information, energy etc. and has close contact with governments and service industry organizations at home and abroad. Tus Data Asset has the expertise in data sharing services for government services, health care, finance and education. DNV GL is a leading provider of risk management and quality assurance services.

International diversity and localization expertise have been VeChain’s competitiveness which is a value adding factor for the BRI. VeChain, which was launched in 2015 with the aim to connect blockchain technology to the real world by providing a comprehensive governance structure, has been working with blockchain technology from both technical side and business side for last few years. It is highly expected that a vital role will be played by VeChain, which has footprint across 7 countries, in the BRIBA to ensure blockchain technology infrastructure to achieve broader implications and success home and abroad.  A number of partnerships in this technology will help add transparency and sufficiency and also benefit all stakeholders with reliable blockchain technology.

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