Chinese Tech Giant Tencent To Develop Blockchain Supply Chain Finance Platform

Blockchain, News | November 5, 2018 By:

Tencent FiT, a division of Chinese media and tech giant Tencent, is creating an open supply chain finance platform based on blockchain technology.

Established in 2015, Tencent FiT provides online and mobile financial transaction services to businesses and individuals worldwide through the WeChat Wallet and other systems backed by the Tenpay online payment service.

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Blockchain Research Lab Established By Chinese Online Retail Giant JD.com

News | October 31, 2018 By:

Chinese e-commerce giant JD.com, in partnership with two tech institutes, has established a research lab for blockchain technologies.

Headquartered in Beijing, JD.com is one of the two largest business-to-consumer (B2C) online retailers in China by transaction volume and revenue. It controls roughly 30 percent of the B2C online market in China with 314 million active users.

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India Approves Blockchain Research By BRICS Member Banks

Blockchain, News | September 13, 2018 By:

India’s Union Cabinet, the supreme decision-making body in the country led Prime Minister Narendra Modi, has approved a memorandum of understanding (MoU) on a joint research on distributed ledger and blockchain technology.

Earlier this week, the decision-making body announced that it would allow the Export-Import Bank of India (Exim Bank) and banks from other BRICS member states –

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Blockchain Trade Finance Platform Trial Launched By China’s Central Bank

Blockchain, News | September 5, 2018 By:

The People’s Bank of China (PBoC), the country’s central bank, is currently testing a blockchain trade finance platform, according to a report from local news outlet Shanghai Securities News.

Called “Bay Area Trade Finance Blockchain Platform,” the platform was developed by the Digital Currency Research Lab of the PBoC and the its Shenzhen branch.

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