Business

Wuhan CocoBull Technology might have adopted a strategy for the post-lockdown in the country. Detais about the multi-million investment.

In the days that China updated the city’s number of deaths by 50 percent, the Wuhan coronavirus epicenter was listed as a low-risk area, given the 16 new cases recorded by COVID-19 across China.

The tech company specializes in developing technology for the blockchain sector with goods including a smart browser for information about the sector, a Big Data mining analysis platform and a remedy to use AI to give users personal details. Wuhan CocoBull Technology’s development team includes veterans from Tencent, Huawei, and Microsoft.

“For many years now, CocoBull has laid good foundations for blockchain technology, big data, and integrated artificial intelligence apps and has deeply exploited multi-chain data and smart data analysis,” a project member told the company. The Big Data analytics program is self-developed and is used in a variety of areas including risk assessment for laundering money and monitoring of crime data for authorities and banks.

The OK Group expenditure, that has not been fully reported to the public, aims to help the further growth of Wuhan CocoBull Technology goods and services as part of the lockdown but also to raise the trust in the business in Wuhan’s technology industry. For 76 days, the town was the first to suffer from the coronavirus. On 8 April, the lockdown was lifted, the city now working to rebuild its battered economy.

Technology is desired to play a crucial role in that, as the record of Wuhan in this region is already solid. One region, the Wuhan Development Zone, had already been established as a key robot testbed before the outbreak of coronavirus. “CocoBull has accomplished in key technologies, such as intellectual search engine blockchain details, big-data mining research, etc.” said OK Group, a key shareholder in blockchain start-ups.

“We are also hoping to encourage the growth of scientific and technological start-ups in Wuhan and help the local economy grow following the epidemic.”