After the Thunder test water blockchain, Xiaomi also began to enter the blockchain
The hot blockchain trend has pushed many internet companies to enter the market. Besides major players like BAT, Xiaomi, which has been in the spotlight due to its recent listing, is also being seen as one of the potential entrants. Recently, Xiaomi posted job openings for blockchain-related roles on recruitment platforms, including positions for blockchain experts and senior developers. This move has sparked speculation that Xiaomi is preparing to dive into the blockchain industry, possibly to strengthen its position ahead of its IPO.
In reality, Xiaomi hasn’t officially entered the blockchain space yet, but it has never truly stepped away from it. The company's founder, Lei Jun, was among the early adopters of the Thunder blockchain (now rebranded as “Chainâ€). According to Thunder’s 2016 annual report, Xiaomi held a 28.3% stake, making it the largest shareholder. This shows that Xiaomi has long been involved in the blockchain sector, even if not openly.
Xiaomi’s entry into the blockchain space is now widely considered a certainty. Behind this move are key figures such as Lei Jun, who has always supported innovation, and Wang Chuan, who leads Xiaomi TV and also serves as chairman of Thunder. Both have ambitious plans for the future.
While Xiaomi may not be shouting about its blockchain ambitions, it has been quietly building its foundation. Reports indicate that Xiaomi had ideas about blockchain as early as April 2017. Gu Dawei, then head of Xiaomi MIUI’s commercial products department, proposed using blockchain to address challenges in programmatic advertising. Later, Zhou Maohua, head of Xiaomi MIUI’s data business, mentioned the company’s blockchain-based solutions in a speech on “Collective Data Collaboration Based on Blockchain.†He noted that Xiaomi had applied for 10 patents related to blockchain marketing and had formed partnerships with two open-source organizations and 15 advertisers.
This suggests that Xiaomi has been actively exploring blockchain applications, albeit in a low-key manner. Unlike other companies that make big noise when entering the space, Xiaomi prefers a more measured approach, focusing on development rather than hype.
So far, Xiaomi’s blockchain efforts haven’t fully taken shape, and the solutions are still in the early stages. However, the recent hiring of blockchain talent indicates that the company is looking for breakthroughs beyond its current setup. What exactly these breakthroughs will be remains to be seen.
Despite the quiet approach, Xiaomi’s involvement in blockchain is no longer a secret. The company has been laying the groundwork for some time, and its strategic moves suggest a long-term vision.
One of the key factors behind Xiaomi’s interest in blockchain is its relationship with Thunder. Although Xiaomi is a major shareholder, the volatility of the blockchain market has created challenges. The price fluctuations and legal issues surrounding Thunder have affected its stock value and reputation. However, Xiaomi has remained patient, understanding that the blockchain space is still evolving.
Wang Chuan, Xiaomi’s co-founder and chairperson of Thunder, plays a crucial role in this dynamic. His leadership during a turbulent period has been seen as a sign of stability. With his deep understanding of both Xiaomi and Thunder, he is well-positioned to guide the company through the complexities of the blockchain landscape.
Whether or not Thunder can recover from past setbacks, Xiaomi’s strategic presence in the blockchain field is clear. It’s a calculated move, driven by both opportunity and experience. As the blockchain industry continues to grow, Xiaomi is positioning itself to benefit from the next wave of innovation.
Harvester Guide Rail,Harvester Conveyor Belts,Manure Spreader Accessories,Heavy Duty Clutch Plates
Changzhou Youeryou Trading Co., Ltd. , https://www.farmpartssupplier.com