The world’s first blockchain loan launched in China

Ant Financial’s Shuangliantong (two-chain-connect), a supply chain cooperation network based on blockchain technology, had been launched in an all-round way, announced Jiang Guofei, vice president of Ant Financial Services Group on July 30th.

Ant Financial’s Shuangliantong (two-chain-connect), a supply chain cooperation network based on blockchain technology, had been launched in an all-round way, announced Jiang Guofei, vice president of Ant Financial Services Group on July 30th.

With this network and blockchain technology, the whole process of financing transfer is clear and untampered, during which all parties carry out identity verification and willingness confirmation, and digital signatures are recorded in the blockchain in real time and can not be denied. The whole chain eliminates risks such as misappropriation of funds.

Jiang Guofei revealed that companies like DAQSoft and its terminal supplier has completed the first single financing on the Shuangliantong. This is the first blockchain loan in the world.

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/the-world-s-first-blockchain-loan-launched-in-china/.

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