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China’s Ongoing Two Sessions See Urges of Stepping up Blockchain Applications in Real Life

Mar 8, 2019

With China’s Two Sessions gathering the country’s elites from corporates to political parties to pitch new development ideas and strategies, blockchain, as a nascent yet disruptive technology, has been attached growing importance at the country’s biggest annual political event. This year,...

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Blockchain Gains Mainstream Exposure in Popular Chinese Variety Show

Mar 5, 2019

Blockchain has been attracting global attention in these years. However, the abstract concept seems to fail to introduce and demonstrate its applicability to real-world use. Even the technically savvy may have a tough time understanding what blockchain is. Regarding this, many tech-savvy indi...

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Alibaba’s Ant Financial Launches 2 Blockchain Subsidiaries in Shanghai

Mar 4, 2019

Last week, Alibaba’s payment arm Ant Financial has launched two new blockchain affiliates at Huangpu District, Shanghai. Reportedly, the two blockchain startups, Ant Blockchain Technology (Shanghai) Co., Ltd, and Ant Double Chain Technology (Shanghai) Co., Ltd， mainly feature...

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Blockchain Stands to Capture One-Third of Global Economy Cost

Mar 2, 2019

Blockchain’s greatest potential scale of opportunity lies in its capability as a trust machine - a way to industrialise the manufacturing of truths. Its non-human way of producing truth exposes the technology’s economy to more than a third of the global economy in coming years giving it acces...

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Alibaba’s Ant Financial Offers 1.8mln Bounty for Blockchain Competition Winners

Feb 28, 2019

Ant Financial, China’s largest online payment platform operated by Alibaba, is launching a blockchain innovation competition as part of its efforts to speed up development and implementation of the edge-cutting blockchain technology. The Ant Blockchain Innovation Competition, with the t...

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How Could Binance Onboard Billions of Users through Binance Chain: The Technical Perspective

Feb 25, 2019

The world leading cryptocurrency exchange Binance has launched the testnet of its new decentralized exchange Binance DEX on Feb. 20, but related information is rare. Many crypto enthusiasts want to know more about how Binance DEX will work and what features will be available. Today we a...

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Alibaba’s Tmall Platform Launches A Blockchain-based Traceablity System to Track Import Goods

Feb 22, 2019

Of late, Tmall Global, a B2C marketplace of Chinese e-commerce giant Alibaba has begun the trial operation of its blockchain powered “end-to-end blockchain traceability system” in order to achieve maximum transparency and traceability for the import goods. It was reported that the tr...

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Blockchain in Guangdong-Hong Kong-Macao Greater Bay Area

Feb 21, 2019

The Guangdong-Hong Kong-Macao Greater Bay Area has once again hit the headlines of financial news in China, for the country unveiled the outline development plan for the Greater Bay Area on Feb.18. With less than 1 per cent of China’s land area and 5 per cent of its population, th...

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China Telecom BestPay Raise 945mln to Focus on Blockchain and AI

Jan 17, 2019

China Telecom BestPay, the third largest payment platform operator in China, has raised 945 million yuan ($140 million) purposefully for bringing in blockchain and artificial intelligence advances. The company, founded in 2011, is a wholly owned subsidiary of state-owned China Telecom C...

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Alipay Empowers Pakistan’s First Blockchain Remittances

Jan 10, 2019

Ant Financial (formerly known as Alipay), the payment affiliate of Chinese e-commerce giant Alibaba, has updated its cross-border remittance processes. On Jan 8, Tariq Bajwa, governor of State Bank of Pakistan announced the launch of the country’s first blockchain-based international...