XCMG and Conflux's Blockchain Partnership

Zen Spark Technology Pte Ltd has partnered with XCMG and Conflux to explore blockchain and Web3 technologies to create innovative solutions for the global market. XCMG is the world’s third-largest construction machinery company, while Conflux is a permissionless Layer 1 blockchain. Zen Spark Technology Pte Ltd is a Singapore-based blockchain and fintech company that develops groundbreaking solutions for the integration of blockchain technology into real-world use cases. The partnership aims to leverage the strengths of all three companies to explore new scenarios for the application of blockchain technology in traditional industries.

XCMG has announced its entry into Web3 by revealing its Bored Ape Yacht Club NFT #3489 as the brand’s Metaverse Ambassador. XCMG and Conflux will jointly issue their first NFT collection for overseas markets in the future.

The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will be closely monitored by industry experts and investors. XCMG has established a vast marketing network encompassing over 2,000 service terminals, more than 6,000 technical experts, and in excess of 5,000 marketing and sales service staff in 183 countries and regions. Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security. Zen Spark Technology Pte Ltd is committed to expanding the real-world applications of blockchain technology on a larger scale.

XCMG Partners with Conflux and Zen Spark Technology for Blockchain Application and NFTs

XCMG Construction Machinery Co., Ltd., one of the world’s largest construction machinery manufacturers, has announced its partnership with Conflux, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company. The collaboration aims to leverage blockchain and Web3 technologies to explore more international use cases. The partnership will combine the strengths of all three companies to explore new scenarios for the application of blockchain and Web3 technology in the global market.

XCMG ranks third place in the world’s top 50 construction equipment manufacturers, according to KHL Group’s Yellow Table 2022 ranking. In the first half of 2022, XCMG expanded to overseas markets and achieved export revenue of RMB 12.488 billion ($1.83 Billion), a year-on-year increase of 157.28%. As a world leader in the construction machinery industry, XCMG’s vision is driven by long-term investment and high-level innovation in research and development into the technology surrounding its equipment.

The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd is a significant milestone in the development of blockchain technology and its application in traditional industries. By combining XCMG’s extensive global network with Conflux’s cutting-edge technology and Zen Spark’s fintech expertise, the three companies aim to develop new use cases for blockchain and explore the potential of Web3.

XCMG’s Vice President of Machinery and General Manager of Import and Export Company, Liu Jiansen, expressed excitement about the partnership, stating, “We are excited to partner with Conflux and Zen Spark to explore new opportunities in global markets.” Fan Long, Founder of Conflux, shared the same sentiment, “We are thrilled to partner with XCMG and Zen Spark to explore new opportunities in the global market.”

As the world becomes increasingly interconnected, the ability to leverage blockchain and Web3 technology to drive innovation and explore new business models is more important than ever. This partnership is a testament to the shared commitment to innovation and the belief in the potential of blockchain to transform traditional industries.

XCMG Construction Machinery Co., Ltd., one of the world’s largest construction machinery manufacturers, has announced its partnership with Conflux, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company, to explore new opportunities in the global market by leveraging blockchain and Web3 technologies.

Grace, CEO of Zen Spark Technology Pte Ltd, expressed excitement about the partnership, stating, “Zen Spark is excited to be partnering with XCMG and Conflux on this initiative, and we are confident that our fintech and blockchain expertise will complement the strengths of our partners. We look forward to exploring new opportunities in the global market and contributing to the development of innovative solutions that benefit businesses and consumers alike.”

XCMG announced their entry into Web3 at the CONEXPO-CON/AGG trade show in Las Vegas by revealing Bored Ape Yacht Club NFT #3489 as the brand’s Metaverse Ambassador. Additionally, XCMG and Conflux plan to jointly issue their first NFT collection for overseas markets in the near future. The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will be closely watched by industry experts and investors as the three companies explore new opportunities and drive innovation in the global market.

XCMG has systematically established a vast marketing network encompassing over 2,000 service terminals, more than 6,000 technical experts, and in excess of 5,000 marketing and sales service staff. This expansive network spans 183 countries and regions, enabling XCMG to consistently offer its worldwide clientele comprehensive, integrated, highly efficient, and convenient one-stop services, including pre-sales, sales, after-sales, and financing solutions.

Conflux is a permissionless Layer 1 blockchain that provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a unique advantage for projects building and expanding into Asia as the only regulatory-compliant public blockchain in China.

Zen Spark Technology Pte Ltd is a Singapore-based blockchain and fintech company that is excited to partner with XCMG and Conflux to explore new opportunities in the global market by leveraging its expertise in distributed ledger technology and fintech to bring innovative solutions to businesses and consumers alike.

With the power of blockchain and Web3 technology, the possibilities are endless, and the future looks bright for XCMG, Conflux, Zen Spark, and the global community.

Zen Spark Technology Pte Ltd is a Singapore-based blockchain and fintech company that is dedicated to expanding the real-world applications of blockchain technology. The company develops innovative solutions that seamlessly integrate blockchain technology into real-world use cases such as supply chain management, digital identity verification, data security, and decentralized finance (DeFi), among others. For any inquiries, contact Melissa Tirey at [email protected].

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