Foxconn Reveals Plan for Blockchain Supply Chain Domination
The giant tech manufacturer is now in the blockchain business, seeking to speed up financing for its many thousands of suppliers.
Identity startup Cambridge Blockchain closed a $7 million Series A funding led by HCM Capital, the investing arm of Foxconn Technology Group.
Taiwan-based electronics giant Foxconn is to help develop and build a blockchain phone from Sirin Labs, a news report indicates.
An identity management provider backed by PayPal, Foxconn and others has been acquired by Nevada-based holding company Blockchains LLC.
Abra founder Bill Barhydt now envisions that bitcoin micropayments and smart contracts, combined with IoT, can underpin a new type of consumer credit.
A blockchain partnership spearheaded by Foxconn could have ripple effects for global supply chains and lending, CoinDesk's Noelle Acheson argues.