The Global Media Blockchain Alliance has been set up in Hong Kong, Taiwanese newspaper China Times reported July 20, according to Bitcoin Exchange Guide.
TheGlobal Media Blockchain Summit was held in Hong Kong July 19. At the event, the alliance reflected on how the media plays a key and unique role in how the blockchain industry is understood and characterized by the public.
The Global Media Blockchain Alliance is composed of more 100 mainstream media outfits, according to the China Times. The Alliance plans to set up a gateway for new media to join, Bitcoin Exchange Guide reports.
Hong Kong is emerging as a leader in blockchain technology, Bitcoin Exchange Guide notes.
Business.com defines blockchain as a public, digital ledger, a record of new transactions or any other data. Blockchain is most closely associated with Bitcoin, but it has many uses, including contracts and preventing fraud, according to Business.com.
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