Loudi, Hunan: Using blockchain technology to open up the "lifeline of SME funds"

News on March 5th, Loudi, Hunan actively promoted the application of blockchain scenarios, using blockchain technology to open the "lifeline" of SME funds. The chain-bank SME financing platform created by Loudi City Government and German Fangzhichain Technology (Shenzhen) Co., Ltd. has provided strong support for the current financial epidemic of SMEs. At present, more than 2,200 Loudi companies have registered online on the platform, of which 34 companies have applied for loans, 7 financial institutions have accepted them, and the rest are undergoing bank approval and other related procedures.