Chinese Bank Issues Securities on Blockchain!

taquine

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Quote from: blackbold on August 28, 2018, 02:59:42 AM

if blockchain usage is increasingly expanded and there are more and more banks are issuing securities on the blockchain will result in an increasing price of bitcoin?

obviously yes, if blockchain users are increasingly expanding automatically more and more investors. then the more bitcoin investors, the higher the price of bitcoin.

blackbold

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if blockchain usage is increasingly expanded and there are more and more banks are issuing securities on the blockchain will result in an increasing price of bitcoin?

taquine

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Activity: 35

Merit: 0

Quote from: Phlaser on August 21, 2018, 09:32:55 AM

Chinese Bank issues Securities on a blockchain
- Zheshang Bank, one of the largest privately held commercial banks in China, has completed an issuance of securities worth $66 million using its proprietary blockchain platform.

This is one of the first times ever that a financial institution issued Securites over a blockchain.

https://www.[Suspicious link removed]

Besides zheshang bank, in china JD also launched the JD blockchain. the second largest e-commerce in China, recently launched the JD Blockchain Open Platform, a blockchain-as-a-service platform that helps companies develop their own blockchain-based applications. Blockchain is a decentralized data book that is spread in various locations. The data is secured in an encrypted block, accessed through a peer-to-peer network. The first blockchain is a distributed ledger for bitcoin transactions, but this technology can also significantly improve the supply chain and financial records are easily traceable, tamper-proof transactions.

Phlaser

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Chinese Bank issues Securities on a blockchain
- Zheshang Bank, one of the largest privately held commercial banks in China, has completed an issuance of securities worth $66 million using its proprietary blockchain platform.

This is one of the first times ever that a financial institution issued Securites over a blockchain.

https://www.google.com.ng/amp/s/www.coindesk.com/china-zheshang-bank-issues-securities-worth-66-million-on-blockchain/amp/

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