31 Chinese Firms Form Financial Blockchain Consortium

Chinese financial services firm Ping An Bank and a subsidiary of QQ instant message app maker Tencent are among more than 30 technology and financial firms in China that have formed a new consortium dedicated to blockchain tech. The Financial Blockchain Shenzhen Consortium was officially launched on 31st May during an event in Shenzhen, a development that marks the latest business alliance to collectively explore applications of the technology. Ping An itself is a member of the R3-led consortium of global financial institutions, and in the past year and a half, working organizations have formed around securities settlement and capital markets use cases.

Source: Blacklistednews – 31 Chinese Firms Form Financial Blockchain Consortium

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