Dalian Wanda, China’s largest real estate developer with an annual revenue of around $40 billion, announced the launch of a blockchain solution called “Hercules,” which was developed in cooperation with major software company Cloudera.
Since early 2016, Cloudera has expressed its optimism towards the blockchain technology and its potential in the big data market. On November 23, just weeks before the launch of the Wanda-Cloudera joint blockchain project Hercules, Mihaela Risca, a financial services officer at Cloudera, released a blog post entitled “Blockchain in Financial Services — Hype or Reality?”
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