Gansu’s first blockchain cross-border financial platform launched

In late May, Bank of China Gansu Branch used its blockchain cross-border financial service platform to handle three export receivables financing totaling US $ 480,000 for a certain export enterprise in Tianshui, Gansu, marking Gansu ’s first cross-border financial deal on blockchain platform.

In late May, Bank of China Gansu Branch used its blockchain cross-border financial service platform to handle three export receivables financing totaling US $ 480,000 for a certain export enterprise in Tianshui, Gansu, marking Gansu ’s first cross-border financial deal on blockchain platform.

On May 29, the Gansu Branch of the State Administration of Foreign Exchange released the news.

The blockchain cross-border financial service platform is an organic combination of blockchain technology and cross-border financial services, and is an important part of the platform of the State Administration of Foreign Exchange.

As early as April 16 this year, after the Gansu Branch was identified as a pilot unit for the platform’s promotion, it conducted research to formulate a pilot program.

Up to now, a total of 16 banks including Bank of China Gansu Branch and China Merchants Bank Lanzhou Branch have signed a pilot confirmation letter and have started related businesses one after another.

http://www.chinanews.com/cj/2020/05-29/9198348.shtml

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/gansu-s-first-blockchain-cross-border-financial-platform-launched/.

Leave a Reply

Please Login to Comment