Money transfer application: From Banking Giants to Tech Darlings, China Reveals Over 500 Enterprise Blockchain Projects

Ping An Bank disclosed a data analytics SAS plat­form and a blockchain-dri­ven vot­ing and decision-making sys­tem. The bank became the first Chinese financial institution in the R3 enterprise blockchain alliance in 2016, and has adopted a blockchain network called FiMax to improve data-sharing and privacy processes. Its goal was to increase efficiencies in asset-backed securities transactions, and tackle challenges in supply chain financing.

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