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China Resources (Overseas) Enters the Blockchain, the MMX and MX Dual Public Chains under the Influx of Giants

08-07     http://www.mmx.ltd/

It is reported that China Resources Overseas has entered the Blockchain industry, which launched a cloud on the chain and created a dual public chain application business model. The position effect has significantly ushered in global heated discussions and pursuits. This big move was fully promoted by China Resources MMX Blockchain Technology Co., Ltd., a British Blockchain technology company invested by China Resources Assets (Overseas). This company is a wholly-owned subsidiary of China Resources Assets and the company is headquartered in London. The operation center is located in Bangkok Thailand.

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China Resources (Group) Co., Ltd. (abbreviated as China Resources or China Resources Group), founded in 1938 which was reorganized and renamed China Resources Corporation in 1948. In 1983, China Resources (Group) Co., Ltd. was reorganized and established. The main business includes consumer product manufacturing and distribution, real estate and related industries, infrastructure, and public utilities. In the list of World Fortune 500 companies in 2015, China Resources Group ranked 115. In 2016, Fortune Magazine released the list of Fortune 500 companies, China Resources Group ranked 91. In August 2016, China Resources Group was ranked 17th among the 2016 Top 500 Chinese Enterprises. China Resources Group ranked 86th in the Fortune Global 500 list in 2017. In 2019, Fortune magazine released the world’s top 500 rankings and China Resources Group ranked 80th.

China Resources Group is one of China's most powerful diversified holding companies. China Resources Assets (Overseas) is an important part of the China Resources Group. As a powerful multinational company, why does China Resources enter the Blockchain industry? What kind of layout arrangement will be made for the Blockchain?

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1. The top giants of various countries around the world grab the top and strive for the upper reaches.

A senior industry expert said that the main application scenario of Blockchain lies in the financial field. At present, the Blockchain in the United States is promoted by enterprises and private capital. But for China is promoted by the government and China will more efficient than the United States. Secondly, many emerging technologies are discussed in the United States purely as technologies. But China uses these technologies as important carriers for social and organizational changes, and through the combination of technology and talents which huge changes are bursting out power.

Due to the huge prospects of Blockchain technology currently. A large number of international advanced financial institutions including JP Morgan Chase, Spain BBVA, Goldman Sachs, UBS, Santander Bank, etc., which through their own innovation laboratories and product incubators or adopt equity investment ways. They are already carrying out Blockchain exploration experiments and technical reserves. For example, Citibank has innovated encrypted coins called "bitcoin" through its innovation laboratory and has developed 3 Blockchains now. UBS Group established a Blockchain financial research and development laboratory in London in 2014. They focusing on exploring the application prospects of Blockchain in payment, electronic money, and settlement modes. In June 2015, Santander Bank of Spain conducted a Blockchain experiment through the financial technology investment fund Inno Ventures to study how to apply Blockchain technology to the traditional banking industry. It has found 20-25 scenarios and believes that the technology can save US$20 billion in international transaction settlement costs every year. In addition, many banks, including the Commonwealth Bank of Australia, Westpac Bank of Australia, ABN AMRO Bank, Anzhi Bank of the Netherlands, Rabobank, DBS Bank, and many other banks have begun to explore the application of Blockchain technology.

In addition, the world's social giant Facebook solemnly announced its entry into the Blockchain in 2018 and 2019 using its autonomous identity as the first step to enter the Blockchain choice. The way Microsoft embraces the Blockchain is also to use the Blockchain to Realize a distributed identification system. Not only Microsoft, but well-known companies including IBM and Accenture have also entered the field of distributed identity management using Blockchain technology. IBM is also working with SecureKey Technologies and major Canadian banks to establish Canada's first digital identity network. Countries including the United Kingdom, Switzerland, Canada, Australia, New Zealand, Estonia, and India have successively launched their own digital identity systems as the infrastructure of the trending digital era.

China Resources as a local leader in China takes the mission of the times and global strategy as its mission. It enters the Blockchain and committed to promoting global digital business innovation and leading the promotion of Blockchain technology and industrial commercialization. China Resources promoting China's first move in Blockchain technology Advantage and win China's right to speak in the Blockchain field.

 

2. The layout of China's Internet leaders to promote major changes in the digital age

In China, Tencent has built Tencent Trusted Blockchain to provide industry partners with enterprise-level Blockchain infrastructure, industry solutions, and safe, reliable, and flexible Blockchain cloud services. The security giant 360's Blockchain project is located in the financial module, and the "360 Financial Blockchain Research Center" is launched in a low-key manner. It will be in the core technology fields of Blockchain such as distributed ledgers, smart contracts, asymmetric encryption and authorization technology, and consensus mechanisms. And make efforts to build a new model of "Blockchain + finance". NetEase has already experimented with its advantages in online game R&D and operation in the Blockchain field and launched a web-based Blockchain pet cat project. Xiaomi has already applied Blockchain technology to the marketing field: "Company A has its user database, and Xiaomi also has its database. How can we accurately place advertisements on the intersection of company A and Xiaomi? The original technology cannot solve the trust problem. Both parties can't disclose all their databases to each other. After using Blockchain technology, this problem is solved perfectly."

 

Next step, Blockchain will bring a transformative business impact in most industries in China and even the world. Blockchain technology uses electronic bills to view all medical bills with one click. Shenzhen takes the lead in launching an online loan voting system using Blockchain system storage technology. Ant Financial and Huaxin Yongdao jointly create a "joint discredit and payment system". To proof of deposit cloud platform, Hainan Province is the first to use the platform to achieve cross-center and cross-regional sharing of provident fund blacklists and deposit certificates. Blockchain platform for commercial services, This platform uses Blockchain technology to open “all-weather, zero-meeting, and one-click” with the "Blockchain+AI" service model, applicants can apply for a business license through the "Blockchain+AI" platform, which takes only one and a half hours. JD Logistics has built a Blockchain traceability platform that can trace beef and mutton with one click.

China Resources includes a variety of retail, beer, food, beverage, and other retail areas, as well as food, electricity, real estate, medicine, cement, gas, and finance. Entering the Blockchain, whether from the traceability field, medical field, financial field, or other fields, has extremely high commercial value and strategic value.

 

3. Corresponding national strategies to create a globally distributed business platform

From 2016 to 2019, the Chinese government took the Blockchain as an important breakthrough for independent innovation of core technologies, strongly supported Blockchain technology and encouraged its application in digital finance. Digital finance, intelligent manufacturing, supply chain management, and digital asset transactions. Therefore, major industry giants have deployed Blockchains one after another, and China Resources has deployed the China Resources MMX Blockchain track to seize the opportunity for future changes. China Resources MMX Blockchain Technology Co., Ltd. focuses on the development of Blockchain traceability systems, virus defense, agricultural and sideline product traceability, anti-counterfeiting, and other fields with outstanding applications. The research and development of Bitcoin's high-frequency and low-power mining machines is more energy-saving. More computing power will be generated under the system. The research and development of the digital asset high-frequency quantitative trading system have helped investors have more time to manage their investment digital assets.


1. The China Resources MMX chain is on the cloud and the original dual public chain application model has a significant position effect. It integrates the characteristics of the Blockchain into commercial applications to create an ecological exchange platform for the MMX mining pool.

MMX (Magic Miner Xmodem) is a composite energy-saving mining machine platform. It builds a pos+poc cloud mining machine platform part through idle network traffic and cloud space storage and uses its own hardware equipment energy-saving advantages to build a POW equity proof mining machine platform part. Use the MMX public chain distributed cloud interconnection method to complete the pos+poc+pow composite mining platform and use the cross-chain technology to create composite mining of all assets in different environments.

 

MMX has the top theoretical and R&D team in the Blockchain industry and uses the self-developed scalable consensus algorithm to solve the waste of computing resources and the consequently reduced security issues caused by application bifurcation in high-concurrent networks. It breaks through the performance of the Blockchain. The bottleneck in the internal test network and the realization of high throughput in the internal test network which is already far ahead in the technical field. This algorithm attribute is suitable for all kinds of public chains, private chains, and alliance chains. It perfectly serves developers and provides them with cross-chain technical support. The basic modules necessary for the MMX core are also built, and the modules are unified through the SDK specification framework. Developers can directly transplant without doing more work at the smart contract level, which not only saves time and increases efficiency, but also reduces the scope of malicious use and improves security.

 

MMX and MX dual public chains, as the original Blockchain model of China Resources MMX Blockchain Technology Co., Ltd., are dual-chain linkage, quantum entanglement, and trading hedging. All transactions require 3% MX as a burning currency to fully boost the market value of the dual currency. Based on this model, the consumption of maintaining network security is greatly reduced, and low currency inflation is more valuable. The MMX mining pool ecological dual public chain application currency lowers the mining threshold and changes the traditional mining, mining machine monopoly, high cost, high power consumption, high noise, professional mines tend to be centralized and other common people cannot participate. All users can participate as their will to store and retrieve data, making mining a fun sideline.

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2. China Resources Blockchain unites the four major sectors to create a model of expected economic benefits.

 

(1) Project income

The sale of mining machines, the lease of mining machines, the construction of mining pools, and the sale of computing power can obtain income. The MMX mining platform adopts the PoS+PoC consensus mechanism and adopts the latest high-frequency and low-power MMX-NC90 chip, which can effectively save energy and producing more computing power at the same time.

 

(2) Revenue from the game sector

The MMX platform cooperates with major game manufacturers to use the features of the Blockchain to be tamper-proof and distributed. The interests of a game player and game developer enable game props to produce gold coins, and game gold coin sales are open and transparent. It can effectively prevent problems such as plug-in and server data loss in the field of competitive games. The platform through game proceeds from selling props, recharging points, ad placement, and copyright sales.

 

(3) Revenue from the mall segment

The MMX platform accumulates a large number of fans through reward points, develops the fan economy, and cooperates with Taobao, Jingdong, Pinduoduo, and

Cost-effective and other platforms have reached a strategic cooperation and earn commissions by recommending related products according to user habits.

 

(4) Income from the social sector

MMX and M Chat have reached strategic cooperation. M Chat Exchange will list MMX tokens to increase the value of the tokens and achieve a more win-win situation. MMX and M Chat will jointly create social software for tens of millions of members. Chat can be used in this software. All the functions in Skysoft signify that MMX has stepped into the global ecosystem and become an important milestone of MMX.

 

Blockchain provides an important channel for the transformation of the Internet of Information to the Internet of Value. It is not only regarded as an emerging technology of national strategic significance, but also an important driving force for the continuous conversion of new and old kinetic energy. It also promotes model innovation through technological innovation and leads to industrial transformation. With the good news that China Resources MMX Blockchain Technology Co., Ltd. launched a global dual public chain distributed business platform. We believe that China Resources MMX Blockchain will continue to uphold "Building a Global Commercial Distribution Platform" and "Promoting Social Progress" and "Business Applications". The development positioning of "landing" will accelerate the innovation of Blockchain technology, consolidate the construction and application of Blockchain infrastructure and have a closer development in big data, Blockchain, etc. And also firmly believe that the China Resources Blockchain will go deeper Industry empowers the real economy and promotes industrial upgrading.

 

For more information on this press release

Media Relations Contact

Jack
China Resources MMX Blockchain Technology Co., Ltd.

Email:maojack054@gmail.com

Web:http://www.mmx.ltd/


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