Construction giant XCMG chooses Conflux for NFTs and future global blockchain applications

The third largest manufacturer of construction machinery in the world, XCMG Construction Machinery Co., Ltd. (000425.SZ), has partnered with Singapore-based blockchain and fintech firm Zen Spark Technology Pte Ltd and Conflux, a well-known blockchain network, to explore international applications of blockchain and Web3 technologies.

Announced via an official press release on Monday, the three companies have come together to leverage their unique strengths and create new use cases for blockchain, leveraging XCMG’s extensive global network, Conflux’s innovative technology and Zen Spark’s expertise in fintech.

Notably, the partnership’s announcement comes at a time when the use of blockchain technology continues to grow across various industries. For example, the use of blockchain in supply chain management and logistics has become increasingly popular, and the partnership between XCMG, Conflux and Zen Spark Technology Pte Ltd aims to explore new frontiers in the global market.

The three companies have expressed their commitment to drive innovation in blockchain and Web3 technologies and use them to create unique solutions that will benefit their customers and clients worldwide.

With XCMG being the third largest manufacturer of construction machinery globally, the partnership is expected to produce a range of innovative solutions in the construction industry. The collaboration is expected to enable the development of new blockchain applications that leverage the unique strengths of each partner, with the ultimate goal of unlocking the potential of Web3 technology and exploring new applications in various markets.

XCMG’s vice president of machinery and general manager of the import and export company, Liu Jiansen, expressed enthusiasm for the partnership with Conflux and Zen Spark Technology Pte Ltd, stating that it opens up new opportunities in global markets. The partnership represents a significant milestone in the development of blockchain technology and its application in traditional industries. As the world continues to become more interconnected, the use of blockchain and Web3 technology to drive innovation and explore new business models has become increasingly important.

Furthermore, XCMG has made a big announcement at the Las Vegas CONEXPO-CON/AGG show by unveiling their Metaverse Ambassador, Bored Ape Yacht Club NFT #3489 (BAYC #3489), marking the company’s entry into Web3. The move comes as XCMG continues to explore new opportunities in the blockchain and web3 space. In addition to this, XCMG and Conflux are planning to release their first NFT collection for overseas markets soon.

XCMG is excited to leverage its partnership with Conflux and Zen Spark Technology Pte Ltd, leveraging their expertise in distributed ledger technology and fintech to bring innovative solutions to the global market. The partnership’s progress will be closely watched by industry experts and investors as the three companies explore new opportunities and drive innovation in the global marketplace.