Wanxiang Blockchain and Haier Smart Home Reach A Strategic Cooperation to Advance Innovation in the Smart Home Appliance Industry

On March 23, 2021, Wanxiang Blockchain and Haier Smart Home announced a strategic cooperation to advance innovation in the smart home appliance industry! Jumping on a carbon neutral theme and combining Wanxiang Blockchain’s rich experience in industrial applications with Haier Smart Home’s expertise in home appliances business, both companies plan to synergistically drive industry innovation of smart home appliance to new levels of excellence! Haier Smart Home will also join the “RISC-V Foundation Blockchain SIG (Special Interest Group)”, adding to the harmonious energies derived from this collaboration initiated by Wanxiang Blockchain and its partners. At the same time, Haier Smart Home will pull out all the stops to integrate with Wanxiang Blockchain’s Distributed Cognitive Industrial Internet Platform. These efforts will lead to jointly developed applications in the industrial field.

Strategic cooperation signing event between Wanxiang Blockchain and Haier Smart Home

In this day and age, governments, companies and society in general are paying much more attention to reducing carbon emissions and focusing more on neutral to limit their carbon footprint. It is no wonder that key firms aspire to use innovative technologies such as blockchain and the Internet of Things to promote energy conservation and efficiency in the home appliance industry to achieve carbon emissions reduction. This is the backdrop leading up to the significant usage of Haier home appliances as the entry point for the BoAT+PlatONE IoT Trusted Data Enablement Platform jointly created by Wanxiang Blockchain and aitos.io, combined with Haier Smart Home’s Home Appliance IoT system. The key goal is to optimize the energy usage of home appliances to satisfy a dual-reduction objective of urban power load and carbon emissions.

Major blockchain adoption for the benefit of multi-party collaboration augments additional potential to create powerfully new governance models to build. Let’s take for example an electric power bureau which utilizes blockchain technologies to help establish an effective “carbon credit” incentive and governance mechanism to encourage residents to cut electricity consumption. Residents’ awareness of energy conservation can expediential grow, while their carbon emissions will decrease. Those positive attributes help guide electrical companies to form an efficient life-cycle when

private data of residents is protected. The Electric Power Bureau can perform detailed analysis, statistics and management of the data per each residents’ electricity consumption, provide households with single-product energy consumption analysis, thus, further encouraging users to choose low-energy brand products.

Additionally, BoAT+PlatONE IoT Trusted Data Enablement Platform provides a credible infrastructure for full life-cycle management of home appliances. Combined with Haier Smart Home’s “Home Appliances Internet of Things System”, this enablement platform can carry out credible digitization, capitalization, and service fine-tunning, leading up to trial-implementation of an “Equipment-as-a-Service” financial Innovation method. Wanxiang Blockchain’s Executive President, Vincent Y. Wang said: “Collaboration with Haier Smart Home , the world’s leading smart home appliance brand, provides us with a rare opportunity to fuse together our expertise in the field of distributed cognitive industrial internet for this partnership.”

Haier Smart Home’s Vice President & GM of Advanced R&D, Wang Ye said: “Wanxiang Blockchain has vast experience in industry-wide applications combined with economic machine-processed design of blockchain technologies. The future is quite promising for both parties to combine the Internet of Things and blockchain technology. If we focus right up front at the point of innovative applications for these smart home appliances, we believe the natural conclusion will be multiple use cases to adopt ‘blockchain + other technologies’, which will play an important role in achieving the goal of carbon neutrality.” Haier Smart Home plans to join the RISC-V Foundation’s Blockchain SIG initiated by Wanxiang Blockchain and partners to mutually explore the construction of the Internet of Things+ Blockchain solutions, in addition to conducting in-depth exploration and collaboration with Wanxiang Blockchain in the field of distributed cognitive industrial Internet. To recap, Distributed Cognitive Industrial Internet theory in the very beginning was proposed by Wanxiang blockchain and based on industrial Internet technology. Its major emphasis centers around integrating distributed cognitive intelligence technologies such as blockchain, knowledge graphs, and privacy- preserving technologies for the purpose of helping traditional industrial manufacturing industries deal with digitalization and how to respond with those challenges they face during the process of transformation.

While jointly jumping onboard today’s trendy Carbon Neutral theme, Wanxiang Blockchain and Haier Smart Home strive to advance and innovate Smart Home Appliance and Distributed Cognitive Industrial Internet, eventually helping to promote a comprehensive “Blockchain + other technologies” mantra for multiple use cases. Wanxiang Blockchain and Haier Smart Home will also collaborate to build ecosystem alliances and innovative business models

Wanxiang Blockchain is dedicated to building an open platform and offering resources to develop blockchain and promote its application in different industries.