Zhuling Chen

aelf forms innovation alliance to accelerate blockchain for business

aelf, a cloud computing blockchain network, unveiled the Innovation Alliance, a coalition of some of the most prominent and influential industry players, to fast-track large corporations and startups on the road to blockchain adoption.

The alliance will provide valuable resources to businesses of all sizes interested in exploring blockchain, including industry insight and advisory support on how to integrate the technology into everyday commercial practices. The Innovation Alliance will be particularly beneficial to industries already feeling the disruptive forces of blockchain, including supply chain, banking, and gaming.

The founding members of the Innovation Alliance are Signum Capital, a Singaporean blockchain fund; FBG Capital, a cryptocurrency and blockchain hedge fund in Asia; Roland Berger, a global strategy consulting firm; Huobi Labs; and Michael Arrington, the founder of TechCrunch and Arrington XRP Capital.

Zhuling Chen

“Blockchain can seem daunting to small businesses that are just getting started, and perhaps even more so to well-established companies with long-held processes and practices.,” aelf co-founder Zhuling Chen said. “The world-class experts in the Innovation Alliance will actively encourage open information sharing based on their unparalleled experience in the crypto and blockchain community, inviting businesses of all sizes to join the conversation. This aligns closely with aelf’s overarching focus on peer-to-peer learning and an open-source approach to blockchain more broadly.”

“The founders of this alliance are bullish about the transformative potential of blockchain for businesses, but the real challenge will be widespread adoption,” Mr. Arrington said. “Having been heavily involved in blockchain project investing for several years, I have seen first hand the demand for informed, trustworthy counsel and the need to spread the word about what blockchain can do for our oldest industries and our most innovative of startups.”

aelf’s blockchain will serve as a central business district for commercial enterprises, enabling businesses to operate their applications on the public chain domain or their own private chains without the hassle of building their own. Within aelf’s ecosystem, each application will have its own resources to secure high performance, which is a current challenge in existing infrastructure.

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