The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system.
The ABC said the blockchain system is deployed among various nodes to facilitate the loan issuance including other commercial banks, the provincial branch of the People’s Bank of China as well as the local government’s Land and Resources Bureau.
The blockchain application is part of the bank’s effort to bring wider access to loans for farmers and businesses who own agricultural land in rural China.
Currently, out of the 26 publicly-listed banks from China, 12 of them have already started working on blockchain technology.
The ABC’s annual filing disclosed early this year shows the state-owned entity has also developed a decentralized network to issue unsecured loans in smaller amounts via an automated process for agricultural e-commerce merchants.
AT trading began on July 25, 2018 and the ABCC team is continuing efforts to support the community.
ABCC, being one of the world's emerging cryptocurrency exchanges, begins trading its native token as the ABCC team had promised.
Neufund, a Berlin based blockchain protocol for tokenized securities and issuance today announced its collaboration with MSX, an innovation vehicle of the Malta Stock Exchange (MSE), and a partnership with Binance, one of the biggest cryptocurrency exchanges.
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
The Shanghai Stock Market (SSE), the 4th biggest stock market worldwide, has an interest in carrying out the dispersed journal innovation (DLT), much better called blockchain, in safeties purchases.
Still, that’s what’s happening now in the U. K. where the London Stock Exchange Group (LSEG) and U. K. financial regulator, the Financial Conduct Authority (FCA), are working with distributed ledger technology startup Nivaura and 20|30, a UK company building a blockchain platform for corporate equity issuance.
CapLinked, a developer of proprietary information control software today informed that the company has achieved a notable funding milestone, raising $2. 5 million for its blockchain product serving the.
The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U. K. , has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post.
Imagine an
enhanced field of vision — one which allows us to seamlessly interact with
others, through the use of our hands and without dependency on a screen.
Imagine an
enhanced field of vision — one which allows us to seamlessly interact with
others, through the use of our hands and without dependency on a screen.
The National Securities Market Commission (CNMV), BME and six European banks are working together on a blockchain-based project called Fast Track Listing. The project’s goal is to reduce the amount of time and processes required to record the issuance of financial warrants.
nChain, a blockchain technology research and development company, has announced the issuance of its second patent by the European Patent Office, for a digital security invention. While nChain continues its innovation program, it is also expanding technical support to help business partners implement nChain’s inventions in its enterprise blockchain strategy. The second patent, European Patent
Eight major European financial entities have announced they will work together on a blockchain tech project for recording the issuance of financial warrants, Spanish news outlet el Economista reports today, June 25.
According to statistics from the United Nations Refugee Agency, there are 25. 4 million refugees in the world and some 3. 1 million asylum seekers. On this year’s World Refugee Day, we’re reminded of the perpetual crises that plague our international communities and the displaced individuals they create.
TomoChain, a blockchain infrastructure for decentralized apps, token issuance and integration today announced partnership with Kambria, a crypto empowered, open source robotics ecosystem. Kambria contains protocols uniquely designed for blockchain and crypto economics to.
Jeff Garzik first tuned the world into his latest venture in the fall of 2017. The Bloq co-founder unveiled Metronome (MET), a cryptocurrency he founded alongside Matthew Roszak, at the Las Vegas Money 20/20 conference in late October, and the project caught the attention of Bloomberg and Fortune at the time.
There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.
The shift has already started; finance is moving onto the blockchain, leveraging the decentralization and disintermediation benefits of the technology’s architecture.
The Industrial and Commercial Bank of China (ICBC), one of China’s “Big Four” state-owned commercial banks and one of the world’s largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets.