Credits and Blockchain Fintech Wealth Angel Fund has established joint-venture to build-up innovation lab in Shanghai as the collaboration intends to develop and promote credits blockchain platform, adapt it to meet the needs of businesses, governmental organizations, and financial institutions, tackle the challenges blockchain technologies are facing, such as network scalability, low transaction speeds, and high transaction fees.

The Fund renders extensive services to innovative start-ups, investing in the standout businesses and establishing an enabling ecosystem for them. The capabilities offered by Angel no.1 may include an incubator for consummate and reputable blockchain companies.

The JV objectives are to be accomplished by the lab that will likely encompass combined enterprises intended at developing distributed ledger, smart contracts, and cryptocurrency technologies. Another line of business is exploring the potential for implementing these technologies into daily routine, adapting them to suit the needs of businesses, banking, the state and managerial decision-making.

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