Chinese Telecom giants China Mobile, China Unicom and China Telecom announced the launch of a research team that will study the application of blockchain technology. The first meeting of the group took place on Monday. In her work plan to participate 20 experts from eight companies, including Huawei, Union, Mobile and Financial Technology (UMF).

According to one of representatives of China Mobile, the group’s task is to build around the blockchain app credible team to study the blockchain. It is expected that the initiative will take on the creation of real cases of the use of technology in digital and telecommunication assets, and Telecom next generation networks.

Recall that recently the Chinese Nanjing launched investment Fund to 10 billion yuan ($1.48 billion) for the development of the public blockchain. And earlier, a local cloud provider Xunlei Limited, a Chinese known as BitTorrent, has announced the launch of a new distributed file system designed to support the blockchain platforms.