Guangdong completes supply chain financing with blockchain for the first time, and Alipay helps financially controlled enterprises realize digital transformation

According to China Securities Network, the reporter learned today from Ant Financial that in Guangdong, the first supply chain guarantee financing using blockchain technology has recently landed. Guangdong Juyuan Construction Co., Ltd. and its upstream suppliers completed contactless financing on Ant Double Link, quickly activated cash flow, and resumed production and work.

Based on Alipay's blockchain technology, Guangdong Yuecai Investment Holding Co., Ltd. (hereinafter referred to as Yuecai Holdings), Guangdong Provincial Financing Reguarantee Co., Ltd. and Yuecai Commercial Factoring (Shenzhen) Co., Ltd. provided guarantees for the financing. It is understood that this project is also the first landing achievement of the two sides to jointly build a blockchain laboratory.