Shanghai Bank and Ant Financial Service Blockchain Platform Cooperation Supply Chain Financing Project Formally Landed

On the last day of October, Shanghai Bank and Ant Financial’s “Double Chain Link” blockchain platform cooperation supply chain financing project officially landed on the last day of October. Through the application of ant blockchain technology and online merchant bank credit technology, the platform breaks the accounting problems of upstream enterprises in the supply chain, and makes the financing time cost of small and micro enterprises change from 3 months to 1 second. It is also a blockchain boosting entity. A typical scenario of the economy. Shanghai Bank became the first ant system cooperation bank in China to realize business matching and lending with the “Double Chain Link” platform. It also marked the new progress in the exploration of the digital financial innovation business of Shanghai Bank and the frontier layout of financial technology.