The Chinese government is known for its stringent measures when it comes to data and data control. So, what does it mean when it accepts a foreign company to be involved in their data collection? MXC Foundation, the Berlin-based blockchain company, is one of the few companies that is being considered as trustworthy by the Chinese government.
Despite their recent stance on tokens and blockchain related companies, the services provided by MXC technology must be regarded highly by the Chinese government to allow for this partnership. As part of the Chinese plan to promote innovation and entrepreneurship in the country, the Chinese government partnered with MXC Foundation in the city of Shanghai. The partnership will see MXC Foundation transform the district of Yangpu into a Smart City.