Ant Financial chair: big bang era of blockchain will come soon

On May 28, China Merchants Port Group signed a strategic cooperation framework agreement with Alibaba Group and Ant Financial. The three parties completed an “on-chain signing” in Beijing, Hong Kong, Shenzhen, and Hangzhou through smart contracts pioneered by Ant Blockchain.

On May 28, China Merchants Port Group signed a strategic cooperation framework agreement with Alibaba Group and Ant Financial.

The three parties completed an “on-chain signing” in Beijing, Hong Kong, Shenzhen, and Hangzhou through smart contracts pioneered by Ant Blockchain.

Jing Xiandong, chairman of Ant Financial Group, expressed the hope that this cooperation will become a milestone in the digital upgrade of Chinese ports. Blockchain will be the key infrastructure to reshape international trade and logistics.

It believes that international trade involves many collaborating parties such as buyers, sellers, logistics, customs, taxation, banking, insurance, etc., and Ant Financial’s blockchain technology as the engine for reconstructing multi-party collaboration will be the best solution.

Ant Financial Services Group is the world leader in the layout of the blockchain business, and its number of blockchain patent applications ranked third in the world for three consecutive years.

It has made breakthroughs in key technical fields such as transaction performance, privacy protection, and cross-chain interconnection. It has achieved large-scale commercial use in more than 50 scenarios such as product traceability, justice, copyright, public welfare, supply chain finance, asset securitization, and electronic bills.

Jing pointed out that in this current digital wave, blockchain technology will play a very critical role. Artificial intelligence and cloud computing are productivity technologies, and blockchain is a technology that reshapes production relations.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/30/ant-financial-chair-big-bang-era-of-blockchain-will-come-soon/.

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