Huawei Cloud, a subsidiary of the Huawei group which focuses primarily on offering cloud-based services, announced the signing of a Memorandum of Understanding (MoU) with ChainUp, a Singaporean-based company.
The signing took place at the APAC Digital Innovation Congress 2022 conducted by Huawei at Marina Bay Sands.
This MoU will witness both ChainUp and Huawei working together to promote the development and application of blockchain technology in the emerging Singaporean Fintech market.
ChainUp Group was founded in 2017 with its HQ in Singapore is a major player in creating infrastructure on blockchain technology and offers solutions for assets in the digital ecosystem.
Their best work comes in improving maturing products like custody of digital assets and investments, wallet, fiat-on-ramp, trading of digital assets, and security.
Using expertise in their respective fields, both ChainUp and Huawei will collaborate with different marketing expos and events relating to blockchain technology to accelerate their growth in the space.
Bringing Huawei’s 30-plus years of experience in Information, communication, and technology system solutions and products, Huawei Cloud is sure to give a bang for its buck.
In a statement, Huawei remarked again and again on their commitment to offering effective, efficient, and secure cloud-based services to facilitate apps to take advantage of the data powerful and to empower organisations from small to big growth in an increasingly smart world.
Huawei Cloud also wants to introduce technological innovation by offering reliable, affordable, and effective services using AI.