YUTU’s CEO attended Shanghai International Future Mobility Conference (FUMOTec) recently and made a speech on the topic of safe application of blockchain technology in the auto industry and blockchain technology empowering products.

Ansel Qi pointed out that blockchain technology is setting off the second technological revolution of the Internet. Those enterprises that do not realize the value of blockchain technology will lose their competitiveness in a short time and will perish in large numbers.

Blockchain technology has brought about may opportunities in the auto industry chain. These opportunities are seen in three major areas including OBD, O2O service and connected-car data.

The true value of the new economy lies in staying close to users and the redistribution of digital assets, and the tangible business value can only be created by promoting data exchange between end users and business entities.

YUTU is witnessing and participating in the landing of blockchain projects and will empower more enterprises with new market value.