TagAnt Financial

Oxfam Formally Launches Blockchain Platform for Rice Farmers in Cambodia

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Oxfam has launched a blockchain project for farmers dubbed BloCRice, which seeks to increase the bargaining power of farmers by digitally connecting every player in the supply chain on one platform, local Cambodian news outlet reports. Based on the report, the new platform will leverage on smart contracts to build digital agreements between organic farmers and exporters of rice in Cambodia and...

Cryptocurrency Firms Headline Fintech 250 List

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A number of the crypto industry's biggest firms have been included in this year's CB Insights Fintech 250 list. Compiled annually, the list ranks 250 of the most promising businesses in the Fintech space ranging from capital markets to insurance to wealth management and digital banking. Drawn from a global pool of almost 4,000 applicants and nominees, inclusion on the list is based on a number of...

$150 Billion-Valued Ant Financial Makes a Big Bet on Blockchain Technology

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alipay

Jack Ma-led Chinese e-commerce giant Alibaba’s fintech conglomerate Ant Financial considers blockchain technology as one of the five key technologies that will dominate every industry in the long-term. Ant Financial Hopes to Use Blockchain in its Core Businesses At the TechCrunch International City Event held in Hangzhou this week, Zhang Hui, the director of Blockchain Department at Ant...

Ant Financial Raises $14 Billion to Boost Blockchain Development

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ant financial

Alibaba subsidiary Ant Financial just cashed-in on a historic $14 billion Series C funding round, and the Alipay creator says that part of this warchest will be used to boost blockchain development. Ant Financial announced last Friday it has reached a definitive agreement with its investors for its Series C in the total amount of $14 billion. This funding comes from both domestic and foreign...

China's Ant Financial Touts Blockchain, Nixes ICO Chatter

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Jing Xiandong, Ant Financial's chief executive, called the blockchain "a cornerstone of trust" but dashed any hopes that the payments leader will pursue an initial coin offering. Xiandong, who also goes by Eric, set the record straight at the annual China Development Forum over the weekend. "The core of the blockchain lies in using technology to create a multi-party trust mechanism. Imagine if...

Xiaomi Chen: China's FinTech Needs Regulation

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FinTech

Xiaomi Head of Consumer Lending has said that over the last few years there has been a number of problems with China's fintech industry and that regulation is needed. Speaking on Bloomberg Daybreak: Asia, Shea Chen, head of consumer lending at Xiaomi, a privately owned Chinese electronics company, said: This [fintech] industry needs regulation to enforce the activities and behaviors and to make...

Chinese Central Bank to Use Blockchain, Competition with Alibaba?

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Earlier this week, CCN reported that the People’s Bank of China (PBoC) announced its plans of utilizing blockchain technology to develop a blockchain-based national currency called “RMBCoin,” By using a technology which underpins bitcoin, the PBoC is allocating its resources and capital to potentially launch a digital currency based on the Chinese yuan, similar to Alibaba. There exists several...