Large construction machinery manufacturer XCMG has announced a partnership with public blockchain network Conflux and Singapore-based blockchain and fintech company Zen Spark Technology.
The partnership between XCMG, Conflux, and Zen Spark Technology will seek to explore new scenarios for the application of blockchain and Web3 technology in the global market.
The partnership aims to leverage blockchain and Web3 technologies to explore more international use cases.
Blockchain and Web3
XCMG’s vice-president of Machinery and General Manager of Import and Export Company, Liu Jiansen, said: “We are excited to partner with Conflux and Zen Spark to explore new opportunities in global markets.
“The partnership between XCMG, Conflux, and Zen Spark Technology is a significant milestone in the development of blockchain technology and its application in traditional industries.
“As the world becomes increasingly interconnected, the ability to leverage blockchain and Web3 technology to drive innovation and explore new business models is more important than ever.”
Fan Long, founder of Conflux, said: “We are thrilled to partner with XCMG and Zen Spark to explore new opportunities in the global market.
“With our cutting-edge blockchain technology, and the expertise of Zen Spark in fintech and blockchain, we are well-positioned to create new solutions and explore new use cases for blockchain and Web3 technology.
“This partnership is a testament to our shared commitment to innovation and our belief in the potential of blockchain to transform traditional industries.”
‘Grace’, CEO of Zen Spark Technology, said: “Zen Spark is excited to be partnering with XCMG and Conflux on this initiative, and we are confident that our fintech and blockchain expertise will complement the strengths of our partners.
“We look forward to exploring new opportunities in the global market and contributing to the development of innovative solutions that benefit businesses and consumers alike.”
At the CONEXPO-CON/AGG trade show in Las Vegas, XCMG announced its entry into Web3 by revealing Bored Ape Yacht Club NFT #3489 (BAYC #3489) as the brand’s Metaverse Ambassador.
XCMG and Conflux plan to jointly issue their first NFT collection for overseas markets “in the near future”.
The partnership between XCMG, Conflux, and Zen Spark Technology is set to be closely watched by industry experts and investors.
Image credit: Gorodenkoff/Shutterstock
Read next: Contech start-up Mercator AI secures $3.75m in new seed funding
Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.