Aelf, Michael Arrington Form Coalition To Accelerate Blockchain For Business

Announcements, Blockchain, Group | May 4, 2018 By:

Blockchain firm Aelf and some influential industry players have formed a new alliance in order to encourage open-source, community-driven learning that will shape the success of global blockchain adoption.

Called the Innovation Alliance, the new group’s founding members include Signum Capital, Singapore’s largest blockchain fund, FBG Capital, a major crypto and blockchain hedge fund in Asia, Roland Berger, a global strategy consulting firm, Huobi Labs, the research and ecosystem-building arm of Huobi, and Michael Arrington, founder of TechCrunch and Arrington XRP Capital.

The new group was unveiled at FBG Capital’s World Digital Assets Summit in Singapore. It will provide valuable resources to businesses of all sizes interested in exploring blockchain, including industry insight and advisory support on how to integrate the technology into everyday commercial practices. The alliance will be beneficial to industries already feeling the disruptive forces of blockchain, including supply chain, banking, and gaming.

Aelf Co-founder Zhuling Chen said that Innovation Alliance experts will actively encourage open information sharing based on their unparalleled experience in the crypto and blockchain community, inviting businesses of all sizes to join the conversation. He added that this aligns closely with Aelf’s overarching focus on peer-to-peer learning and an open-source approach to blockchain more broadly.

Aelf’s blockchain platform will serve as a central business district for commercial enterprises. It will enable businesses to operate their applications on the public chain domain or their own private chains without the hassle of building their own.

Arrington, who is also Aelf’s senior advisor, said the founders of this alliance are bullish about the transformative potential of blockchain for businesses, but the real challenge will be widespread adoption.

“Having been heavily involved in blockchain project investing for several years, I have seen first hand the demand for informed, trustworthy counsel and the need to spread the word about what blockchain can do for our oldest industries and our most innovative of startups,” Arrington said.