FinTech firm unveils blockchain centre project

New York-based Seven Stars Cloud Group (SSC) has announced the launch of a $283 million blockchain development project in West Hartford, Connecticut that will create 330 jobs over the next five years.

SSC has acquired the University of Connecticut’s (Uconn) former campus to establish Chain Valley, a centre for research, training and business development.

“It is here that the first students to ever leave China, the Mission Boys, settled in the late 1800s to study Western science and engineering. It is in the spirit of these students that we will build a facility so modern and dynamic that it will attract the best talent and companies, making this site the blockchain capital of the US and the world,” says SSC Chairman and CEO Bruno Wu.

SSC, which focuses on digital asset production and distribution, is now aiming to become a next generation Artificial Intelligence and blockchain-powered FinTech service company. “SSC’s commitment to our state shows that our strategy for recruiting and retaining cutting-edge employers is working,” says the state Governor Dennel P. Malloy.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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