China’s Yunnan Province to Collaborate with Israeli IT Company on Blockchain Infrastructure
Yunnan Province governmental holding group YIG and Israeli IT company Aman Group will jointly develop a blockchain infrastructure for the Chinese market, focusing on maritime shipping and health applications
Amarelle Wenkert | 15:33 01.11.2018
China’s Yunnan Province governmental holding group Yunnan Investment Holdings Group Company Ltd. (YIG) and Israeli IT company Aman Group announced Thursday they entered a joint venture to develop blockchain infrastructure for the Chinese market. YIG and Aman announced the venture at the Tel Aviv China (Yunnan) – Israel Innovation Cooperation Forum, held in Tel Aviv and attended by Yunnan province officials and the Chinese ambassador to Israel on Thursday/ In an interview with Calcalist held Thursday, Aman Group CEO Ben Pasternak said the joint venture will focus primarily on blockchain applications pertaining to maritime shipping and logistics, and digital health. A company, Logchain China Ltd., has been operating as a subsidiary of Aman for over three months, Pasternak said. The joint company is hiring in Israel and China, with the goal of employing a team of 60 people by mid-2019, Pasternak said.
Based in Central Israel, Aman Group employs around 2,000 people through seven subsidiaries. The company is active in fields including cybersecurity, blockchain, fintech, and data management.