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Alibaba’s Ant Financial Uses Blockchain to Settle a Health Insurance Claim in 5 Seconds

Dec 13, 2018

Alibaba affiliate Ant Financial has recently used blockchain technology to settle a health insurance claim with Alipay for the first time in China. The blockchain-powered claim settlement process only took 5 seconds, state-owned China Securities Daily reported on Thursday. Th...

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Tencent Integrates Blockchain E-Invoicing with WeChat

Dec 12, 2018

China’s tech conglomerate Tencent has officially incorporated a blockchain electronic invoice system in the WeChat, the company’s popular messaging, social media and payment app with over 1 billion users, in a bid to simplify the process of reimbursing company employee expenses. Accord...

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HKEX Eyeing Blockchain and AI for An “ Efficiency Revolution”

Dec 12, 2018

The Hong Kong Exchanges and Clearing Limited (HKEX) is about to launch its three-year strategical plan for 2019-2021 early next year. Charles Li, Chief Executive Officer of HKEX said at the forum yesterday that the bourse will carry out comprehensive reforms in market regulation a...

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Mining Giant Bitmain Launches KYC Tool ‘Coconut’

Dec 7, 2018

Bitmain, the world’s largest Bitcoin mining manufacture has launched its advanced know-your-customer protocol (KYC), named Coconut. Different to numerous identity authentication schemes in the industry that attempt to carry out authentication in an absolute decentralized manner which is not ...

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Hangzhou Internet Court Uses Blockchain to Help Online Writers with Copyright Protection

Dec 7, 2018

China’s first court specializing in Internet-related cases announced on December 6 that over 100 Hangzhou-based online writers has joined the judicial blockchain platform to protect the intellectual property of their original works from cyber theft, according to the state-run Xinhua News A...

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Chinese Governments Have Put 40 Billion Yuan Funds into Blockchain This Year

Dec 6, 2018

Investment guided by the Chinese government in blockchain technology has stood at over 40 billion yuan (roughly $5.82 billion) in this year alone. Despite the country’s ban on cryptocurrency trading, China is a strong proponent of the technology underpinning it, in terms of both capital and ...

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Turing Award Winner’s Blockchain Project to Process 6,000TPS Raised $35 Million from Notable Investors

Dec 5, 2018

A bunch of Chinese university professors and blockchain researchers including a Turing award winner revealed they’ve secured US$35 million in series A funding from big-name investors to develop a new blockchain network. The team will operate the Conflux Foundation initially as a non-pro...

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Jianhan Wu vs Craig Wright: Can Metanet Realize Satoshi’s Original Design or Just Humiliating Sidechain

Dec 5, 2018

After the Bitcoin Cash (BCH) hard fork war has settled down, Bitmain’s Jianhuan Wu and nChain’s Craig Steven Wright (CSW) immediately started a new round of Twitter war of words. December 2, CSW announced that he was currently working on a blockchain project named Metanet....

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HSBC Vice Chairman: Plan to Invest $200 Million in Blockchain and Other Fintech

Dec 4, 2018

of HSBC, the British global bank has established itself as a key player in the blockchain in banking space. As blockchain technology offers significant potential to reduce the time taken for processing banking documents. Of late, the international banking giant announced that it will enhance ...

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Japanese Blockchain Delegation Visits China, What Are They Looking to?

Dec 3, 2018

Nov 24- Nov 29, a Japanese delegation on high-tech innovation paid a visit to a group of industrial parks and institutes in Chinese cities Nanjing, Hangzhou and Jinhua, in an effort to see the potential in the Chinese market and seek chances of cooperation in the fields of blockchain, artifi...