Press Releases > BCB Blockchain partners with HUAWEI CLOUD to accelerate support initiatives for tech startups in Asia

BCB Blockchain partners with HUAWEI CLOUD to accelerate support initiatives for tech startups in Asia

Nov 09, 2020

[Singapore, 22 Oct, 2020] - Building Cities Beyond (BCB) Blockchain today announced their collaboration with Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices. The partnership will strive to co-develop smart city solutions through decentralized technology – and support artificial intelligence (AI) and blockchain projects that are developed using the BCB protocol. Using decentralized technology, the companies look to spearhead robust smart city solutions and support growth-stage projects in the region.

As part of its commitment to the collaboration, Huawei will be sponsoring projects developing on the BCB ecosystem by offering an innovative and secure cloud server solution to store and transmit data more efficiently. The migration to HUAWEI CLOUD will bring about higher efficiency in terms of data transfer, information synchronization and cloud storage, resulting in a more reliable and secure platform for developers.

The collaboration with Huawei provides BCB with the opportunity to join a handful of top project collaborations that will be featured in Huawei’s Singapore-based AI Lab – as the company seeks to extend previous efforts to explore and power more real-use cases of smart city solutions in the region.

Having previously announced a $15 million USD innovation grant and plans to incubate up to 1,000 tech startups in the region, BCB’s partnership with Huawei focus on developing blockchain and AI projects. To further boosts its efforts on supporting the tech community in the region, the smart city solution providers are working together with key players in the tech and educational sector who share the same passion of fronting next-gen technological solutions. The Huawei union will accelerate the company’s efforts to attract and groom the future leaders of the industry.

Nicole Lu, General Manager of HUAWEI CLOUD Partner Ecosystem, APAC shared, “Through our support for the tech startup space in the region, both BCB and Huawei are essentially working towards the same goal. This partnership brings together our combined expertise and resources to solve real-life problems and bridge the gap in the smart city ecosystem by empowering innovative developments".

To date, BCB’s collaboration with Huawei has already reduced its server costs by 20 percent. With one click, BCB developers can now deploy nodes that run decentralized applications.

“The pandemic has proven to be a ''black swan'' for the tech sector by driving digitalization and innovative solutions. Moving forward, the BCB team understands the need for a multi-layered ecosystem for future cutting-edge solutions", said Vanessa Koh, Chief Technology Officer of BCB Blockchain who further explained that the "partnership with Huawei is in line with BCB efforts to encourage upcoming technopreneurs to develop ideas into scalable smart city solutions by providing a holistic support system that extends beyond funding".