Israeli Tech Firm Launches Blockchain Joint Venture With Chinese Group

Israel’s Aman Group announced that it was forming a new joint venture focused on blockchain technology with Chinas’s Yunnan Investment Group (YIG) to develop solutions for the Chinese market.

The announcement was made last week during the Tel Aviv China (Yunnan) – Israel Innovation Cooperation Forum, under the auspices of Zong Guoying, Executive Vice Governor of Yunnan province and the attendance of Zhan Yongxin, Ambassador of PRC to Israel.

“China has been investing much [sic] resources in the development of technological solutions for local as well as international use. With the already developed and proven Blockchain capabilities and know-how from Aman Group, the new JV will be able to readily implement the technology in various central projects across China, including commerce and finance, healthcare, logistics and agriculture,” said Aman Group CEO Ben Pasternak in a statement.

Based in Bnei Brak, Aman Group is a leading tech firm that provides digital, data, cybersecurity, software development, and other services.