The Institute of Industrial Internet & Internet of Things of China Academy of Information and Communications Technology (CAICT) and Sungent Digital Technology Co Ltd, a big data arm of SIP-based multi-business conglomerate Sungent Group, signed an agreement on Mar 9 to jointly build a branch of CAICT’s Spark • Chainnet in SIP to promote application of blockchain technology in the area.
Spark • Chainnet is a blockchain infrastructure project that the CAICT launched in August 2020 in an effort to facilitate application of blockchain technology in industrial sectors.
The Spark • Chainnet branch in SIP will serve as a bridge linking different blockchain systems, networks and related information platforms, systems and applications. It is of great significance for the integration of digital technology and real economy in SIP and the surrounding areas. The project is scheduled to complete late this year.
March 9, 2023