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Volvo's parent company establishes blockchain joint venture headquarters in Wuxi, China

Since establishing the joint venture last February, Geely Holding has created a Digital Technology Sector, or DTS, subsidiary to invest in cutting-edge technologies, including blockchain. Moreover, the two entities plan to offer businesses and customers access to new blockchain platform-based business models and decentralized applications. DTS has already developed blockchain services, such as a digital asset management platform and a blockchain traceability platform, and deployed into Geely’s automotive products.

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Source: Cryptocurrency - investing.com

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