Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost

[Abiodun]

The China Banking Association, the country’s self-regulatory organization for the banking sector, has launched a new blockchain-based platform for trade finance.

[tamango]

This seems a good news... have you some link for article/news? I'm interested because I didn't see the news anywhere...

[raden22]

I think that the right step has been taken by bank in China, meaning they see good potential for the future about the blockchain. Well, that makes sense. Thank you for the news.

[Ferki]

This seems a good news... have you some link for article/news? I'm interested because I didn't see the news anywhere...

You can find this news here https://www.coindesk.com/chinese-bank-giants-tap-blockchain-in-trade-finance-efficiency-boost.

[JaymondStark]

Well, the good news is blockchain is being discussed in so many governments, and by the companies. We might see some good returns.

[tsakf]

I think that the right step has been taken by bank in China, meaning they see good potential for the future about the blockchain. Well, that makes sense. Thank you for the news.

Yes, this is great news. If we look at the population of this country, it will give a great boost to fintech and blockchain applications. Unfortunately, the first world, is not first world anymore. It is struggling with excessive regulation, and this makes everything slow down to a halt. If governments, do not change the path to more and more regulation, we will see many surprises from second and third world countries.

[KYB40]

I cannot find any link in your post that will provide more information on this Chinese bank that you mentioned

[masterrex]

The China Banking Association, the country’s self-regulatory organization for the banking sector, has launched a new blockchain-based platform for trade finance.

Im not surprise at all since Blockchain Technology is very useful in different purposes. Thats why the chinese are seen the full potential of Blockchain even my country is eying Blockchain too for transparency and inclusive banking and finance sector.

[Akinohn]

I'm used to this kind of news. Recently wrote almost the same article about European banks. May be it's FUD.

[karateka]

Quite a promising statement, although it is necessary to monitor what it will lead to in the dynamics, otherwise we can come up with ourselves.

[Elizabeth]

Now any news is taken for something revolutionary and able to cheer up the entire cryptocurrency sphere, but this does not apply to them.

[coyote]

China's banks are not as big and system forming as you think. If American banks had done this, the effect would have been much stronger.