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Blockchain Startup Bochen Technology Raises ¥10 Million in Pre Series A

Bochen, a Beijing-based blockchain startup, has raised ¥10 million($1.45 million) in a Pre-A round led by Yonyou Network Co., Ltd (formerly known as”UFIDA”).

Yonyou announced on April 8 that it would boost capital of RMB 10 million to buy stake in Bochen. Its stake in target company will be raised to 21 percent from 5.2 percent.

Born in August 2016, Bochen Technology has now raised 20 million yuan in total with the support of LongLing Capital and other angel investors.

blockchain startup BOCHEN

Zhang Jian,  CEO of BOCHEN

Zhang Jian, founder of Bochen technology, is Huobi’s former VP of Technology and Director of Digital Currency and Blockchain Research Center. In 2014, Zhang’s team developed the biggest blockchain information enquiry website qukuai.com and the earliest bitcoin multi-signature wallet QuickWallet in China.

Blockchain can truly reshape our world and lead us to a new era of the Internet of Value. Put simply, it makes transferring value as simply as sending email. But the hard fact is that blockchain is not ready for public use in the near future.

At Bochen technology, they work to make blockchain infrastructure accessible to all and help launch blockchain implementations.

“Our vision is to be a catalyst for Chinese blockchain companies to grow into world leaders and standard setters, making them competitive in the blockchain race.”

COMMENTS(11)

  • Xester
    2 months ago Xester

    Quote from: Doofus on April 11, 2017, 07:45:38 AM
    Huobi’s VP of Technology Zhang Jian started a [Suspicious link removed]pany(already raised$2.9 million)saying Blockchain can lead us to a new era of the Internet of Value. Put simply, it makes transferring value as simply as sending email. Does this mean i am virtually a walking ATM in the future? no matter where i am, i can take my assets with me?

    Even without blockchain technology we are already a walking bank. The banking system has already made online websites and applications that enables us to send money to bank accounts using the apps. But it was not really popular compared to blockchain. With blockchain those sending services by the banking systems will be much better compared to their previous versions. Aside from that the power of cryptocurrency using blockchain technology will also help us making our transactions much accessible and much faster.

  • mobnepal
    2 months ago mobnepal

    Quote from: Doofus on April 11, 2017, 07:45:38 AM
    Does this mean i am virtually a walking ATM in the future? no matter where i am, i can take my assets with me?
    Right now also everybody can take their assets with them in their mobile with internet banking. Don’t know the actual Zhang Jian’s plan on this but if they are thinking of making something in decentralized environment using blockchain than that can be revolutionary. But if they are just thinking of centralization than there will be no difference between their project and current internet banking.

  • Vaskiy
    2 months ago Vaskiy

    Now the cloud computing too acts something similar to what’s been described by op. Personally I believe blockchain is an evolutionary technology that gets usage not only in the cryptographic sectors but found all over as well making an ease of usage serving as a cost effective solution.

  • Doofus
    2 months ago Doofus

    Quote from: Vaskiy on April 11, 2017, 09:25:00 AM
    Now the cloud computing too acts something similar to what’s been described by op. Personally I believe blockchain is an evolutionary technology that gets usage not only in the cryptographic sectors but found all over as well making an ease of usage serving as a cost effective solution.
    i know and i trust the potential of blockchain, but is it ready to reshape the world? how years will it take ? 10 years?30 years?

  • slaman29
    2 months ago slaman29

    I see this as still not yet completely taking our value with us. We already carry all of our information, but not yet our values. If we die today, we lose that information also our values and assets. If I understand for Bitcoin for example this means my bitcoin is lost forever.

  • SONG GEET
    2 months ago SONG GEET

    Quote from: Doofus on April 11, 2017, 07:45:38 AM
    Huobi’s former VP of Technology Zhang Jian
    Are you talking about Zhang Jian  I think he is involved with ripple which was made for banks and are not truly decentralized project. Quote
    “internet of value” – a world where money is exchanged at the speed in which information moves today.Doesn’t this already achieved with bitcoin?

  • Doofus
    1 month ago Doofus

    Huobi’s former VP of Technology Zhang Jian started a [Suspicious link removed]pany(already raised$2.9 million)saying Blockchain can lead us to a new era of the Internet of Value. Put simply, it makes transferring value as simply as sending email. Does this mean i am virtually a walking ATM in the future? no matter where i am, i can take my assets with me?

  • digaran
    1 month ago digaran

    You can potentially move $500M in bitcoins around the world with you while holding the same value after 24 hours, though your $500M could become $490M or $510M after 24 hours, yup that’s the potential of bitcoin, also you don’t need to be a walking bank, bitcoin in itself is a miracle don’t expect some other miracles from it, step by step everything at it’s time. Doofus ‘at a boy.

  • shinratensei_
    1 month ago shinratensei_

    Quote from: Doofus on April 11, 2017, 07:45:38 AM
    saying Blockchain can lead us to a new era of the Internet of Value. Put simply, it makes transferring value as simply as sending email.
    That’s just a virtual decimal of your account.  Quote from: Doofus on April 11, 2017, 07:45:38 AM
    Does this mean i am virtually a walking ATM in the future? no matter where i am, i can take my assets with me?
    It doesn’t. The blockchain gives an automation for everyone to manage his assets. It means if that have different reality with the meaning of atm. ATM will give you a possibility to receive your asset into the real form. The blockchain makes everyone possible to bring his assets anywhere.

  • Doofus
    1 month ago Doofus

    Quote from: SONG GEET on April 11, 2017, 11:35:41 AM

    Quote from: Doofus on April 11, 2017, 07:45:38 AM
    Huobi’s former VP of Technology Zhang Jian
    Are you talking about Zhang Jian  I think he is involved with ripple which was made for banks and are not truly decentralized project. Quote
    “internet of value” – a world where money is exchanged at the speed in which information moves today.Doesn’t this already achieved with bitcoin?
    it may not be the same person. you can see his pic here to check it out. He is the founder of qukuai.comhttp://news.8btc.com/blockchain-startup-raises-%EF%BF%A510-million-in-pre-series-a

  • Yakamoto
    1 month ago Yakamoto

    Quote from: Doofus on April 11, 2017, 07:45:38 AM
    Huobi’s former VP of Technology Zhang Jian started a [Suspicious link removed]pany(already raised$2.9 million)saying Blockchain can lead us to a new era of the Internet of Value. Put simply, it makes transferring value as simply as sending email. Does this mean i am virtually a walking ATM in the future? no matter where i am, i can take my assets with me?
    Right now you can probably be pretty close to something like a walking bank, as long as you have most of your stuff on plastic or something there’s a high likelihood that you’re also able to do something along the lines of what is being suggested. Of course, that uses someone else’s banking service, but you get the general idea.You might be able to be your own bank (fully) in a few decades, but the actual transition will likely be pretty slow.

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