Cloud computing blockchain network aelf has announced the creation of a new alliance in order to fast-track large corporations and startups on the road to blockchain adoption.



Dubbed “Innovation Alliance,” the initiative was unveiled at FBG Capital’s World Digital Assets Summit in Singapore.

aelf announced the inauguration of the Innovation Alliance together with FBG Capital, Roland Berger, Huobi Lab, Michael Arrington and Signum Capital as the founding partners in Singapore on May 3, 2018. pic.twitter.com/P0YV3XtwcD — ælf (@aelfblockchain) May 3, 2018



The founding members include Signum Capital, Singapore’s largest and most influential blockchain fund; FBG Capital, a major cryptocurrency and blockchain hedge fund in the Asia region; Roland Berger, the only leading global strategy consulting firm of German heritage and European origin; Huobi Labs, the research and ecosystem-building arm of Huobi; and Michael Arrington, the prominent Silicon Valley mogul and founder of TechCrunch and Arrington XRP Capital.



“Blockchain can seem daunting to small businesses that are just getting started, and perhaps even more so to well-established companies with long-held processes and practices. The world-class experts in the Innovation Alliance 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,” aelf Co-founder, Zhuling Chen, said.



The alliance will provide valuable resources to businesses of all sizes interested in exploring blockchain, including unparalleled industry insight and advisory support on how to integrate the technology into everyday commercial practices. It will be particularly beneficial to industries already feeling the disruptive forces of blockchain, including supply chain, banking, and gaming.



“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.



According to the official release, aelf’s blockchain will serve as a Central Business District for commercial enterprises, enabling businesses to operate their applications on the public chain domain or their own private chains without the hassle of building their own. Within aelf’s ecosystem, each application will have its own resources to secure high performance, which is a current challenge in existing infrastructure.