On December 27, 2019, Sichuan Electric Grid Ruifeng Co., Ltd., in conjunction with State Grid E-commerce, CICC Payments, and China Net Security, jointly released the first online supply chain financial solution for the power industry based on blockchain technology. The fintech platform "Chuandian Cloud Chain" announced the official launch on the same day.
The first digital certificate based on blockchain technology was also unveiled on the same day. It was issued to the State Grid e-commerce company by the Hongye Badu branch of Sichuan Shudian Group, which was transferred to its upstream supplier Sheng. The new cable company is provided by a partner bank for confirmation. Relevant institutions gathered to witness the milestone event of "Blockchain Technology Innovation and Application from the Perspective of Electricity Internet of Things".