DBS Bank and Wanxiang Blockchain reaches strategic cooperation.

Recently, DBS Bank (China) Co Ltd and Shanghai Wanxiang Blockchain Co Ltd signed a strategic cooperation framework agreement in Shanghai.

Recently, DBS Bank (China) Co Ltd and Shanghai Wanxiang Blockchain Co Ltd signed a strategic cooperation framework agreement in Shanghai.

As a result, DBS Bank has become the first foreign bank to reach strategic cooperation in the Wanxiang Blockchain, and the two sides will jointly promote the application of blockchain innovation in the financial field.

The signing of the strategic cooperation agreement between Wanxiang Blockchain and DBS Bank will give full play to its advantages in the field of blockchain, combined with DBS’s experience in supply chain finance and the rich business resources of both sides. Both will actively explore and innovate cooperation in blockchain technology, supply chain financing, risk control, product innovation and so on.

In particular, DBS Bank will work with the Universal Block chain to explore more financial application scenarios of the blockchain technology, and jointly create a supply chain service platform based on the blockchain technology.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/dbs-bank-and-wanxiang-blockchain-reaches-strategic-cooperation/.

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