Chinese e-commerce conglomerate Alibaba and aerospace information Co., a significant software system developer and provider, have signed a strategic cooperation agreement for cloud computing, blockchain and different technological services development. Chinese finance publication Securities Daily reported on the deal on March 21.

The two parties have in agreement to take advantage of their respective brand technologies “to actively integrate resources and carry out in-depth cooperation” in within the fields of cloud computing services, finance and taxation, government affairs and blockchain technology, among others.

As the publication states, aerospace information will collaborate with Alibaba to work together in analysis and development so as to promote the integration of recent technologies. It additionally adds:

“In the sphere of blockchain, we'll collectively provide cloud solutions to promote the development of the blockchain industry.”

Earlier this month, vice president of Alibaba group Liu Song revealed in an interview the company’s plans to implement blockchain technology for cross-border provide chains, with the likelihood to link the system with native governments, as Top Market Group reported on March 7.

Back in Oct, Alibaba had filed a application for a system backed with blockchain with third-party administrative intervenience in a smart contract.

To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube,  Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now