12 Chinese banks used blockchain in 2017

Nearly half of the 26 publicly listed banks in China say they deployed blockchain applications in 2017.

The 12 institutions include major state-owned commercial banks such as the Bank of China, China Construction Bank and the Agriculture Bank of China, as well as other privately held ones, including China Merchants Bank and other city-level entities.

The applications that have been adopted range from using blockchain technology to issue invoices and cross-border loans to ID authentication processes.

 

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