To address the various problems encountered in the process of signing a paper contract, JD Digits and ITG (International Trade Group) Holding have announced they will be partnering to jointly build a new digital signing model based on JD’s electronic cloud contract platform. From e...
“The "dual offline" wallet has been fully developed and having friendly user experience. The wallet is expected to be applied in the follow-up pilot” Said Changchun Mu, the director of the Chinese Institute of CBDC, the public's enthusiasm in participating in the digital yuan pilot pro...
400-billion-yuan turnover has been conducted on blockchain platform of China Construction Bank Compared with other financial institutions in China, banks have the most urgent demand for blockchain. "Blockchain technology can help banks alleviate the problems of information asymmetry and tr...
The development of China’s national digital currency is getting exponentially faster as the year progresses. After President Xi Jinping first announced his support for blockchain last year, both the private and the public sectors in China have been racing to introduce more real-world applica...
The U.S. has made its stance clear on the country's intention regarding the issuance of a central bank digital currency (CBDC): the world's largest economy is not in a race to issue a digital version of the U.S. dollar and will do it when deemed appropriate. The clarity was presented by th...
The ongoing 2020 Cloud Summit has seen a slew of important announcements. The latest news to come out of the conference was announced by Liu He, the Vice Premier of China. According to a report from the Xinhua news agency, the VP’s speech focused on promoting the development of new tec...
After numerous pilot projects taking place across the country testing out the burgeoning new technology, the city of Hangzhou has announced a real blockchain-based application. According to a report from China News, the 2022 Asian Games set to take place in Hangzhou will have tickets that wi...
China's embrace of innovation as well as its own central bank issued digital currency, the Digital Currency Electronic Payment (DC/EP), will see the Asian giant reap a US$440 bln reward over the next decade with an estimated 11.4 million jobs enhanced, PwC economists have forecasted. ...
Friday October 9 did not only see the People’s Bank of China (PBoC) announce it has made 50,000 “red packets” available to citizens in Shenzhen but also marked the day when the Bank of International Settlements (BIS) revealed that seven central banks had teamed to create their own ...
With more reports of patients gaining health-related access through technology in China in the wake of the corona virus , a research supported by the National Natural Science Foundation of China has proposed blockchain to be a promising solution to achieve data sharing with security and priva...
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