KCN: ALIBABA LAUNCHES NEW BLOCKCHAIN SOLUTION

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Greetings from China! The payments department of Chinese e-commerce giant Alibaba, Alibaba Ant, has launched a new blockchain solution called AntChain. According to data from the South China Morning Post, AntChain to help strengthen transparency and build trust in industries that traditionally involve large numbers of participants and complex processes. Aggregating technologies including artificial intelligence, Internet of Things (IoT) and secure computation, the AntChain solution is based on the company’s blockchain technology, which has been used in more than 50 use cases in IT leasing, shipping, insurance claim processing, cross-border remittances and charitable donations, according to a company statement. You have watched the KCN news. See you later!

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