Six blockchain application scenarios in China
chinadaily.com.cn |
Updated: 2017-10-30 07:00
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Customers fill out forms at a branch of China Merchants Bank in Haikou, Hainan province. [Photo by Zhang Mao/China Daily] |
In February, China Merchants Bank announced that it had successfully incorporated blockchain technology into its business regarding global cash management, cross-border direct settlement and unified account management, chinadaily.com.cn reported on June 14.
The move shortened information transmission time between the head office and overseas branches while avoiding falsified information.
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