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Agricultural Bank of China Launches Blockchain-based Loan System

Agricultural Bank of China Launches Blockchain-based Loan System

On 1 August, ABC (Agricultural Bank of China) completed the 1st blockchain-based loaning business with the technical support from Hyperchain, a Hangzhou-based blockchain startup. The launch of “E-blockchain Loan” system marks the first practical blockchain-based user case in domestic banking industry. ABC is one of the four major state-owned bank in China. The product was...

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NEO Co-Founder Banks On Blockchain To Build A Smart Economy

NEO Co-Founder Banks On Blockchain To Build A Smart Economy

The financial world, ecommerce, and other industries that witness millions of transactions each day, should prepare for fast-moving changes in order to stay ahead of competition and facilitate the rise of new solutions as well as accommodate the growing needs of businesses and consumers alike. Today, ecommerce and the financial sector are being thoroughly shaken...

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ATMChain’s Project In China With 7,000 Intelligent Media Screens ‘Goes Blockchain’ Through DECENT

ATMChain’s Project In China With 7,000 Intelligent Media Screens ‘Goes Blockchain’ Through DECENT

The DECENT Network has announced that ATMChain, a new third-party application and an open platform ecosystem based on the blockchain network being developed on top of the DECENT Protocol, will support DCT as a method of payment in their Initial Coin Offering (ICO), which starts on August 8, 2017 at 14:28 (China, Beijing Time). Built on DECENT’s...

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How China Affects Cryptocurrency Markets

How China Affects Cryptocurrency Markets

If you spend any amount of time reading about cryptocurrency markets, it won’t take long until the subject turns to China. These topics can range from mining farms with government subsidized electricity, to major Chinese exchanges and pools, or to how “the great firewall” is affecting network traffic. The Economic State of China What I’d...

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Hong Kong Stock Exchange to Launch Blockchain-Powered Market in 2018

Hong Kong Stock Exchange to Launch Blockchain-Powered Market in 2018

The Hong Kong Stock Exchange (HKEX) is planning to launch a blockchain-powered private market aimed at helping smaller firms obtain financing. HKEX chief executive Charles Li detailed the plan, which would play out through a separate venture dubbed HKEX Private Market, in an August 1 note. The disclosure came in response to a question about tapping local technology...

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Solving China’s Food Safety Issues Through Blockchain

Solving China’s Food Safety Issues Through Blockchain

In preparation for the ICO campaign which is to be launched in September 2017,  Wabi  and Walimai are announcing the opening of the pre-sale campaign of the Wa token. The preICO sale is a great opportunity for the early contributors to take part in a project with rapidly growing sales which aims to solve the problem...

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A Chinese Bitcoin Tycoon and His Record-Breaking ICO

A Chinese Bitcoin Tycoon and His Record-Breaking ICO

One of China’s biggest bitcoin investors has raised approximately $82m in an initial coin offering (ICO), setting a new record for the novel fundraising method in China. Led by entrepreneur Li Xiaolai, Press.One bills itself as a decentralized content distribution platform based on the recently launched EOS blockchain. In total, the ICO collected 5,853 bitcoin, 106,757 ether and 30,430,519 EOS from 14,104...

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How Two Countries Helped Drive the Recent Rise in Cryptocurrency prices

How Two Countries Helped Drive the Recent Rise in Cryptocurrency prices

Digital currency prices have soared recently, with reports from the past few months showing enormous valuation increases for currencies across the board. Bitcoin, Ripple, and Ethereum have all experienced exponential growth, with Bitcoin prices rising to $2,588, Ripple reaching a market cap of nearly $10 billion, and Ethereum growing to a total market cap of...

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Chinese Government is Developing its Own Cryptocurrency

Chinese Government is Developing its Own Cryptocurrency

Cryptocurrency advocates might have guessed that it was only a matter of time before a national bank would develop its own cryptocurrency. Now, it appears that the People’s Bank of China is doing just that, putting China in line to be the first country in the world to develop and run its own national digital...

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Bank of China and Tencent to Trial Blockchain in New Research Effort

Bank of China and Tencent to Trial Blockchain in New Research Effort

The Bank of China is partnering with Tencent, one of the country’s biggest internet companies, to trial blockchain technology in financial applications. The two firms announced the partnership last week, revealing the creation of a new joint research space for the development of new products. Artificial intelligence and blockchain are two major areas of research...

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