"Cross-Border Financial Blockchain Service Platform" has accumulatively served 1,662 enterprises, with a loan scale exceeding 70 billion yuan

On December 20, the 2nd International Summit on Blockchain Industry and Entrepreneurs was held in Fuzhou. The chairman of China Banknotes Credit Card Industry Development Co., Ltd. introduced the “Cross-Border Financial Blockchain Service Platform” developed by China Banknotes Credit Card Industry Development Co., Ltd. on the spot. He said that this is currently the only blockchain platform that the central state agency has filed in the State Internet Information Office. The platform went online on March 22, and as of December 5, it has served 1,662 enterprises, of which about 75% are SMEs, with an average of US $ 125,000 per bill, equivalent to approximately RMB 900,000. In addition, as of December 12, the amount of commercial bank financing through this platform was equivalent to more than 70 billion yuan. Solving the problem of financing difficulties for SMEs has already begun to bear fruit.