The Industrial and Commercial Bank of China (ICBC) released a paper on the application of the blockbuster in the banking sector and launched services to track transactions during the pandemic.
The published paper analyzes current issues in the financial sector and compares the development of blockage trends in China and abroad. In addition, finance is the most frequently researched area for applications that use blockage technology.
"There are 420 registered providers of information and services related to the blockades in China, including 72 companies offering financial services based on the blockade technology - 17% of the total number, which registered 120 types of financial services.
Since 2016, ICBC has been researching and exploring opportunities to integrate the blockchain for high volume data, artificial intelligence (AI), Internet of Things (IoT) and 5G.
According to the report, the bank has already established a block-platform for businesses and launched services to track transactions during the pandemic. These services have now been integrated into the Guangxi China Red Cross Society and Zhuhai Charity Federation. Over time, these services will be provided to other Chinese charities.
ICBC also believes that blockbuster technology can help transform sectors such as supply chain finance, international settlements, fund management, payment management, payment settlement and digital assets.
Comments
Post a Comment