FOSTER CITY, Calif., September 5, 2018 (Newswire.com) – Gao Feng Advisory Company, a pre-eminent global professional strategy and management consulting firm with roots in China along with Augmentum, Inc., a specialist in digital transformation, enterprise software solution development, and technology services, enter into a strategic alliance in forming a Blockchain Innovation Lab and Competency Center in Shanghai, China and Silicon Valley, California.
The strategic alliance aims to explore Blockchain and Distributed Ledger Technology (DLT) for use in the design, development and implementation of Blockchain based business solutions that deliver tangible return on investment through enterprise software development and industry standards.
The Innovation Lab is designed to accelerate Blockchain innovations. The Competency Center is designed to make available a rich resource pool of skilled talents in enterprise software and Blockchain to bring Blockchain from proof-of-concept to real-world solutions.
The Gao Feng- Augmentum strategic alliance has the following focus areas:
Building technology capabilities and creating IP that applies Blockchain to building trusted networks across business sectors
Pursuing development of Blockchain based business solution through collaboration with established global industry consortium such as Hyperledger, R3 Consortium and China-based consortium such as ChinaLedger Alliance, The Financial Blockchain Shenzhen Consortium, Trusted Blockchain Telecom Application Group
Expanding Blockchain skilled resource pool in China through education and real-world solutions development experience
Assist and advise Chinese enterprises and global MNCs in China on their digital transformation journey leveraging Blockchain and related technologies such as AI and IoT
Dr. Edward Tse, Founder and CEO of Gao Feng, added “Gao Feng provides insights and ideas to solve the toughest business challenges in China. The insight-ideation-prototype-commercialization cycle requires a broad set of capabilities in both digital and technology. The Blockchain strategic alliance with Augmentum and with their real-world experience in Blockchain based solutions, allows Gao Feng to fulfill a key component of our consultancy practice.”
Dr. Leonard Liu, Chairman and CEO of Augmentum, said “Blockchain, the Distributed Ledger Technology was first written into China’s 13th Five-Year Plan (2016-2020) for the development of information technology, along with other cutting-edge technologies including AI and IoT. Augmentum is delivering real-world Blockchain based business applications to enterprise customers, beyond the exploration and proof-of-concept stages. With this, we are also training and building a rich resource pool of Blockchain skilled talents to meet the burgeoning demand for Blockchain based solutions by customers in China and globally.”