Ucommune is a Chinese platform providing startups, SMES, students, and corporate tenants with on-demand, easy to rent coworking spaces. This company was founded three years ago and has grown into being considered as Asia’s Coworking Giant. This qualification isn’t exaggerated when you consider all recent facts about the company.

At the beginning of the year Ucommune merged with Wedo, New Space, Workingdom and Woo Space which officially put the company has the Chinese leader. The platform is present in over 160 locations and other substantial numbers illustrate its growing importance. In fact, 120,000 members connect through Ucommune and it provides a total space of 400,000 square metres.

Thus, the fact that Ucommune is launching a blockchain lab is an information with great significance for the country as well as for the e-economy. Moreover, this supports the Chinese government’s intentions to adopt a blockchain and digital economy due to the fact that the Coworking Giant will provide its members with a blockchain platform where they can build their digital ledger’s solutions.

This is a milestone for both the blockchain sector and the coworking industry as it’s a first in both spaces. An inauguration was held on the 28th of May in Beijing, celebrating this new step into the future of decentralised services and innovation. Ucommune’s blockchain lab could be the first step towards finding new ways to apply blockchain not only to coworking but also other industries such as healthcare, big data, and sport training.

“We are committed to unleash the potential of co-working spaces globally through incorporating cutting-edge technology such as blockchain,”Dr. Mao Daqing, founder and Chairman of Ucommune

Moreover, this launch is also a strategic move from Ucommune meant to not only facilitate and improve collaboration between businesses on its network but also target the company’s millennial members.

“Our foray into blockchain reflects Ucommune's commitment in providing decentralised and trusted services to our growing and diversifying community member base. The new lab will conduct in-depth research on blockchain application for coworking and develop a whitepaper that sets the industry benchmark. We are also leveraging blockchain for custom-made solutions to better serve our millennials members”Mr. Ma Zhiyu, Director of the Ucommune Blockchain Lab.

Ucommune also has a mobile app, UBazaar, that gathers services, merchants and local suppliers in order to simplify a large variety of transactions. Thus, the network stays on target with its upcoming blockchain lab and seems to be unstoppable on its way to growth and progress. Indeed, the Coworking Giant wants to ultimately reach global success which might happen sooner than later.

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