(Shanghai, 08/21/2019) Connected Vehicle Trade Association (CVTA) recently reached a strategic agreement with the CPChain Foundation. The two parties agree to collaborate closely with each other in the future to explore the blockchain technology adoption in the automobile industry. CPChain officially decides to join the CVTA while CVTA officially launches the Industry Node Partnership Program of CPChain.

The Connected Vehicle Trade Association (CVTA) is a non-profit business league established to facilitate the interaction and advance the interests, of the entities involved in the vehicle communication environment. The Connected Vehicle Trade Association enables the collaboration of companies, organizations, and governmental bodies engaged in developing bidirectional vehicle communications. Membership is open to any corporation, public entities, standards and specification organizations, and educational institutions. 

The first effort of CVTA is to understand who the stakeholders are, their objectives and ownership in this environment, and engage them to allow for a collective understanding of the environment. We communicate what the initiatives are, and what has been developed to date with regard to technical, social and policy concerns.

The organization seeks to build a dialog for examination of the proposals, pre-deployment plans, and build-outs within the affected business sectors, between businesses and In order to assure an effective means of accomplishing the important objectives, we must build consensus by those who will build, validate and operate the systems and infrastructures developed.

CPChain CEO, Dr. Long Chengnian is very honored to join the influential league: “We are on the edge of the blockchain revolution. Organizations like CVTA is the pioneer to lead the blockchain technology into the automobile industry. We look forward to expanding more cooperation with CVTA.”

CVTA’s President, Scott J. McCormick added: “Blockchain for automotive is a new and exciting field.  It is important that the thought leaders in the CP Chain Foundation have come together to enable growth and a unified vision in this space.  CVTA is looking forward to advancing the foundations goals and objectives.

CVTA will also launch the CPChain Industry Node Partnership Program to assist the mainnet maintenance and ecosystem construction. The two parties are also in talk of future work on community governance.

CPChain, towards the trusted future.

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