Summary of the One Belt One Road Project

In 2013, Xi Jinping, in partnership with other countries, announced China’s plans to build economic infrastructure along the Silk Road from China to Europe. The One Belt One Road project is a multi-Trillion dollar initiative to build economic corridors for transporting goods in and out of China. Projects have consisted of the construction of gas lines, creation of high-speed train infrastructure between China and London, development of industrial manufacturing facilities, and stand-up of ocean ports along the Indian Ocean. All of this is being done to make China more accessible for global business.

Where does Blockchain fit in?

The One Belt One Road project touches multiple continents and its goal is to enhance the trust and efficiency of trade between different economies. Blockchain technology has the potential to further this goal virtually. Matrix AI officially announced last week that they signed a strategic cooperation agreement with the state-owned Belt and Road Development Centre, to become the center’s only blockchain partner.

“The main functions of the center are to provide advice and suggestions on expanding the Belt and Road initiative, to provide funding services to relevant departments and large-scale backbone enterprises in all cities, provinces, municipalities and autonomous regions, and to provide cooperation and partnership platforms for countries along the Belt and Road routes”. – Matrix PR

What does this mean?

One of Matrix’s main uses of AI will be allow individuals to program smart contracts with no coding. Matrix’s AI will convert text into executable code on the network. This will allow more people to access and use blockchain technology and associated offerings. A blockchain smart contract platform – that is easily programmable and is a part of a project that will span multiple continents – will give more people access to a technology that may improve the efficiency of their daily lives and work.

Take away

This is the second story Whale Reports has covered this month demonstrating China’s continued investment in blockchain technology and its real-world applications. Despite China’s critical view of cryptocurrency, the commitment and financial investment in blockchain technology remains. China may also be interested in Matrix because of its AI offerings, as AI is another rapidly expanding industry in China. The combination of the two technologies, AI and blockchain, will continue to be a trending topic in China in the coming months and years.

This morning (5/15) Matrix AI was listed on useKucoin.com

Also published on Medium.