Prospects to catalyse blockchain industry adoption with new business development opportunities
On July 2nd, 2019, Paul de Leusse (deputy CEO of Mobile Financial Services and CEO of Orange Bank), Faten Castaignet (Senior Vice President and Strategic Partner of Orange Group), Narciso Dominique Perales (Head of Orange Spanish Region), Alex Wang (CEO of Orange Sourcing Consulting) and over a dozen other representatives visited aelf’s Beijing office. Hoabo Ma (aelf CEO), JB Lee (aelf Director of Global Operations), and Samual Bassett (aelf Senior Developer), were some of the team members who presented aelf’s technology. The meeting held a very positive note with discussion ranging from current blockchain adoption to how better Orange’s digital innovation can combine with aelf’s cross-chain technology.
As one of the largest telecom operators in Europe, Orange is constantly exploring emerging technologies to find a commercial breakthrough and has always regarded China as the frontier of digital innovation. In April 2019, Orange hosted Orange Fab Asia in Taipei, China, to support companies in the field of innovative technology throughout Asia. During the event, aelf was invited as the only public chain project in the blockchain technology field and demonstrated the entire process of developing DApps based on aelf blockchain network.
aelf Director of Global Operations, JB Lee, detailed aelf’s overall technical progress, commercial layout concept, and advantages to the Orange delegates. Orange Bank CEO, Paul de Leusse, highly praised aelf’s development, “Orange is optimistic about the broad prospects of aelf in the world, with the capability to work for various different scenes and performance, aelf is able to serve for financial, e-commerce, payment, and other areas. We believe that aelf’s innate technical framework and business structure can perfectly match with Orange, to bring better services and experience to more enterprises and industries.”
Vèronique Mc Carroll, Orange Bank’s Innovative Strategy Consultant, explained, “In the digital economy era, the business market is changing rapidly, and consumers’ communication methods and payment habits are evolving. We must seize the opportunity to stay ahead of the market in order to maintain our industry advantage. Orange always pays close attention to the trend of emerging technologies, aelf’s cross-chain technology is an important feature which attracted us, resulting in today’s visit. In the future, we will also actively explore more possibilities of bringing blockchain application to the financial field. aelf’s existing innovation experience has helped Orange’s global technological innovations.”
During the meeting, Hoabo Ma stated, “aelf’s reliable underlying blockchain technology was well designed, allowing us to release the enterprise version in early May, providing reliable blockchain solutions for many industries including finance, e-commerce, and media. Right now, aelf is able to complete more than 10 thousand transactions per second. In a normal development environment, developers only need 8 minutes to deploy the development environment. While providing basic blockchain services for enterprises, aelf can also provide data storage and one-click deployment of smart contracts according to the customer’s specific needs. ”
The discussion naturally gravitated to Facebook’s upcoming blockchain project Libra. Haobo said, “Blockchain’s real value can only be shown in business innovation. If we want to accelerate blockchain technology adoption and achieve success, we need to increase social productivity, create a global business map based on blockchain technology, consolidate blockchain technology and resources, and actively promote and exchange ideas throughout different industries.
After the visit, Paul de Leusse expressed his gratitude for the private showcase arranged by aelf and expressed their eagerness to share their industry research and experience with aelf in the future. Alex Wang, CEO of Orange Sourcing Consulting, specifically invited aelf to visit Orange in France. Haobo also expressed his gratitude, recognising that Orange has valuable experience and a strong research team in both telecommunications and the financial industry. In the future, both parties intend to work closely together to actively share developments from their respective fields, and move forward in innovation together.
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