Yunxiang Helps Everbright Bank's Trade Finance Blockchain Technology Application Breakthrough

Recently, Everbright Bank accessed the inter-bank blockchain Forfaiting Trading Platform (BCFT), which is supported by cloud-based blockchain infrastructure based on the VNT Chain aggregation chain, and achieved new breakthroughs in the application of trade finance blockchain technology. Everbright Bank, as the core node of the platform blockchain, was successfully put into production on October 25th. On the same day, Everbright Bank completed the fortune with Minsheng Bank, Bank of China, China CITIC Bank and Ping An Bank on the Forfeiting trading platform of the inter-bank blockchain. The court bought and sold the transaction, and the accumulated amount exceeded 100 million yuan.
It is reported that the blockchain Forfeiting Trading Platform (BCFT) was launched on September 30, 2018, and has successively access banks such as Minsheng Bank, Bank of China, China CITIC Bank, China Everbright Bank and Ping An Bank. The platform takes the Forfeiting business as an application scenario, and fully utilizes the characteristics of decoupling, non-tampering, high transparency and strong security of the blockchain technology, realizing the multi-node, distributed accounting alliance chain mode. Up to now, the cumulative transaction volume of BCFT has exceeded 50 billion yuan. The banking institutions have responded strongly. More than 30 banking institutions have joined or explicitly added their intentions. It is the largest blockchain trade financial trading platform in the domestic banking industry.