Everbright Bank builds block chain fund management platform in Xiongan

Everbright Bank and Xiongan Group have successfully launched two phases of a Blockchain Project Fund Management platform in Xiongan New Area.

Everbright Bank and Xiongan Group have successfully launched two phases of a Blockchain Project Fund Management platform in Xiongan New Area.

As the main carrier and operation platform for the development and construction of Xiongan New Area, Xiongan Group has recently launched a block chain fund management platform, using block chain technology to carry out penetrating management of funds for demolition, resettlement and construction to optimize project management.

In this process, Everbright Bank uses the technology called “Sunshine Blockchain” as a financial tool to work closely with the block chain fund management platform to fully serve 67 large-scale projects of various types of demolition, resettlement and construction in Xiongan New Area.

At present, Everbright Bank, together with Xiongan Group, has successively launched financial products such as “blockchain payment”, “blockchain escrow” and “blockchain payroll” based on the block chain fund management platform, providing key support for the whole chain management of the project.

In addition, Everbright Bank and Ant Financial Services Group recently reached a blockchain financial innovation cooperation to develop supply chain finance.

The first phase of docking of their block chain platform cooperation project has been officially put into practice and their financing cooperation is in full swing.

Everbright Bank has become the first bank in China to realize systematic docking with the “two-chain” platform of the block chain and supply chain.

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/everbright-bank-builds-block-chain-fund-management-platform-in-xiongan/.

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