According to German Association of the Automotive Industry (VDA), Hydrogen energy block chain led by Charles, former CMO in Munich at Alibaba, has received strategic support from VDA and other investment institutions. Based on the support of more than 620 VDA members, including car makers and OEMs, HEblock Chain has initiated a hydrogen energy blockchain project to promote blockchain applications on HICEV and FCEV, and lower energy costs. HEblock Chain has announced that it will develop its applications based on CarLive Chain, the world’s largest blockchain in connected car industry and will issue hydrogen tokens to be used by global car users when paying for gas. The project is said to be looking for 5 million US dollars during the angel round and has gained favor from IOV Capital and Bit Supercomputing Capital.