A survey by relevant departments in Guangdong found that Gree and other use of blockchain can enhance the trust between financial institutions and borrowed SMEs.

According to the 21st Century Business Herald, on the morning of July 17, the Press Office of the People's Government of Guangdong Province held a press conference on the interpretation of the policy of “Guangdong Province's Several Policy Measures to Support SME Financing”. In the preliminary investigation conducted by the Guangdong Provincial Local Financial Supervision Bureau, the relevant departments of Guangdong Province found that Midea, Gree and TCL Group have provided innovative solutions to solve the financing difficulties of small and medium-sized enterprises by leveraging the Internet supply chain financial platform. The credit of core enterprises, using technologies such as the Internet of Things and blockchain, can effectively improve the level of trust between financial institutions and borrowed SMEs, and reduce the operating costs of financing, thus helping small and medium-sized enterprises to solve financing difficulties and financing. The problem of slow financing.