Advanced Blockchain : has been elected by the InnoAlliance Germany China Innovation Competition
August 22, 2019 at 02:55 am EDT
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DGAP-News: Advanced Blockchain AG / Key word(s): Conference/Cryptocurrency / Blockchain
Advanced Blockchain AG has been elected by the InnoAlliance Germany China Innovation Competition
22.08.2019 / 08:52
The issuer is solely responsible for the content of this announcement.
Advanced Blockchain AG (ISIN DE000A0M93V6) has been elected by the InnoAlliance Germany China Innovation Competition to participate in the semi-finals of the competition in September in China.
The InnoAlliance Germany China Innovation Competition (www.innoalliance.org) is hosted by the China Science and Technology Exchange Center (CSTEC), supported by the Ministry of Science and Technology of People's Republic of China (MOST), organized by the German Startups Association and the International Technology Transfer Network (ITTN) and co-organized by the Chinesische F&E Innovationsunion in Deutschland e.V. (CFEID e.V.). The goal is to give innovative German companies the chance to connect with Chinese partners and investors and to enhance the relationships and collaborations between German and Chinese companies.
Team members will be heading to China in two weeks time for an intensive program involving match-making and pitching sessions in front of Chinese corporations from the AI, Environment Protection and Green Innovation, Biotechnology and Big Health, Smart Traffic and IT industries.
Additionally, Advanced Blockchain became an associated founding member of the International Token Standardization Association (ITSA) e.V., a not for profit association of German law that aims at promoting the development and implementation of comprehensive market standards for the identification, classification and analysis of DLT- and blockchain-based cryptographic tokens.
About Advanced Blockchain AG
The Berlin-based Advanced Blockchain AG focuses on the design, development and implementation of distributed ledger technology (DLT) software for businesses and their products and services. Advanced Blockchain, together with its subsidiary nakamo.to GmbH (www.nakamo.to), has initiated the peaq project (www.peaq.io) and developed a fully functional DAG framework "DAGchain". The main goal of peaq is to develop a working and efficient base-layer protocol that can overcome the vulnerabilities of traditional blockchain systems and consensus problems currently associated with DAGs. Upon completion, the DAGchain protocol could be used by Advanced Blockchain AG for a variety of real-world projects in industries such as the IoT, as well as in the automotive, financial and engineering industries.
Further information on Advanced Blockchain AG is available in the IR section at www.advancedblockchain.com
22.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Advanced Blockchain AG is a Germany-based information technology (IT) company. The Company specializes in blockchain, utilizing distributed ledger technology (DLT), while simultaneously further developing other technological solutions, such as directed acyclic graphs (DAG). The Company operates within four business fields: DLT Consultancy, which offers businesses advice on how to apply DLT to their needs and provides the necessary know-how in the implementation process; Applications, which pursues further development and commercialization possibilities of the DAG technology and includes the Company's research activities; Development for third parties, which involves creating dedicated software on order, ranging from minor business process optimizations to full renewal of the business model based on the DAG technology, and Software as a Service (SaaS), which provides decentralized data processing and hosting services in exchange for a license fee.
ADVANCED BLOCKCHAIN AG 
