Suning Bank’s first blockchain, Forfeiting, landed at a target value of 100 million yuan.

On April 3, Suning Bank completed the first blockchain forfeiting (BCF) business transaction, and realized the further extension of the blockchain technology, covering the entire process of domestic letter of credit settlement and financing business. It is reported that the counterparty of the business is the Jiangsu Branch of China Construction Bank, with a transaction amount of 100 million yuan.