Sekunjalo, a South African company has partnered with Ultrain which is a leading Chinese public blockchain firm. The two firms have come together to create a new pan-African open Blockchain business hub. It will be called the African Chain 3.0
About The Partnership
Sekunjalo Investment Holdings is a diversified investment group. It has announced a new partnership deal with Ultrain Technology Limited. This is one of the best Chinese public blockchain firms. Both firms will create a robust new generation of financial infrastructure in the entire continent of Africa.
The open blockchain business ecosystem is commercially sustainable and responsible. The hub will be managed in the unification with the pan-African eCommerce platform operated by Sekunjalo.
The Main Aim Of The Foundation
The foundation will be anchored on the public access for blockchain model’s commercial use. This model is developed by Ultrain. One of its main objectives is to handle various payments that come up. It also performs a host of other financial services such as clearing and lending.
All of these functions are aimed at one thing. It is to offer the users and businesses great accountability and convenience.
Building A Secure Financial Infrastructure For Africans
Emma Liao is the co-founder of Ultrain. He has pointed out the need to build a secure, and convenient financial hub. The African Chain 3.0 is a reliable financial infrastructure created for African people.
Emma Liao said that they are excited to collaborate with Sekunjalo. Apart from building the tool together, it has been promoted with a number of helps. Matrix of businesses by Sekunjalo has played major roles.
More Benefits Of The African Chain 3.0
There are a number of businesses that will benefit from this new model. The African Chain will benefit both travel and luxury goods. Others that will benefit include sharing economy and supply chain. The new energy sectors and media entertainment will also benefit massively. Retail and healthcare is also not left behind.
Word From Sekunjalo’s Chairman
The chairman of Sekunjalo is Dr Iqbal Surve. He is also excited about this great partnership with Ultrain. He describes it as the potential to enhance and transform how the continent’s blockchain market operates. But he is happy particularly about one thing. He’s happy that the Chinese advances in technology is now coming to Africa.
Surve has said that the collaboration opportunities with the Chinese firm are so immense. Therefore, the two firms are looking forward to a joint footprint for the whole continent of Africa. He said the two companies are committed to just one thing; the digital evolution of Africa.
Sekunjalo and Ultrain are on the path of transforming African blockchain market. They plan to use part of their profits in charity undertakings in the African continents. They intend to train young Africans, and particularly women, in payment systems and blockchain technologies.