Babbitt News, on November 26, Zheshang Bank was listed on the Shanghai Stock Exchange. As of the close of the day, the market value exceeded 100 billion. Because Zheshang Bank has repeatedly "touched the chain" in recent years, it has been called the first block of "blockchain concept" banks by analysts. According to Babbitt, the receivables chain platform is the industry's first “receivables chain platform” based on the blockchain technology launched by Zhejiang Commercial Bank on August 16, 2017 based on the underlying blockchain technology of FunChain Technology. The relevant person in charge of FunChain Technology told Babbitt that as of the beginning of 2019, the cumulative amount of platform receivables issued was nearly 200 billion yuan, and there were more than 7,000 corporate customers. According to the prospectus of Zheshang Bank, as of June 30, 2019, there were 1,848 receivable chain platforms. In terms of cost reduction and efficiency improvement, according to Chen Chun, chairman of FunChain Technology, the loan cost can be reduced by 50% and the audit time can be saved by 80%.
More information: https://www.8btc.com/article/520527