Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
The Big Data Expo 2018 was concluded this Sunday in Guiyang, capital of Guizhou Province in China, and one of the intriguing announcements during its post-event function came from Chen Weixing. Weixing is the CEO of app developer Funcity and founder of the Chinese ridesharing app Kuaidi Dache.
Following its release, the ride-hailing application was an instant hit and went on to rival another giant in its market, Didi Chuxing. The two slug it out for years, subsidizing costs until they shook hands three years ago. The merger transformed the two rivals into the biggest ridesharing app in the country, ultimately driving Uber out of China through an acquisition.
Now, Weixing wants to integrate blockchain technology into the ridesharing app, Coindesk reported. This time, Funcity’s CEO means to collaborate with Yang Jun, co-founder of one of the country’s biggest group discount apps, Meituan.
The entrepreneur said ridesharing will be the first time blockchain tech will be applied to a social app of this grand scale, according to China Money Network. One of the major problems that blockchain tech has when implemented in an industry this size is scalability.
Ridesharing oversees thousands of transactions a day. This becomes a problem since the more the transactions are, the bigger the block becomes. And a bigger block means more processing power, essentially decreasing transaction time.
There are several solutions to this issue, including what’s called sharding. This method basically separates blockchain network nodes into smaller chunks called shards. The consensus protocol is run by each shard, then a dedicated group links each shard’s output in order to arrive at a consensus. This essentially divides the workload between groups, creating a faster and more efficient method of processing data.
But Weixing didn’t disclose which solution they’re going to take to solve scalability problems. He also didn’t say which blockchain platform he’s going to use to develop the app nor did he announce when the app’s completion is going to be.
