KPMG announces 50 leading Fintech companies in China Blockchain

KPMG announces 50 leading Fintech companies in China

KPMG China made its first announcement of 50 leading Fintech companies operating in China, as the country is fast becoming one of the leading Fintech markets globally and an important innovation center in the Fintech sector. Fintech companies are non-traditional financial institutions that are using technology to disrupt the financial sector, using innovation and efficient technology to provide better financial services and risk management. Over the past several months, KPMG China shortlisted 50 leading Fintech companies. These companies were selected by over 20 senior partners from KPMG international member firms and KPMG China with specialists in several fields including IT,...
Read more
China Joins the Blockchain Race With ChinaLedger Alliance Blockchain

China Joins the Blockchain Race With ChinaLedger Alliance

Wanxiang Blockchain Labs, a Shanghai-based nonprofit research institution which hosted the first Global Blockchain Summit in Shanghai, is to lead an alliance of 11 regional commodity exchanges, equity exchanges and financial asset exchanges with the aim of creating “an open source blockchain protocol that developers can further build upon in the future” according to Bai Shuo, former chief engineer of the Shanghai Stock Exchange and director of the technology committee for the ChinaLedger Alliance. The Internet Securities Commission of the Securities Association of China (SAC), an industrial self-regulatory body supervised by the China Securities Regulatory Commission, will act in an...
Read more
Chinese open source blockchain startup Antshares raises $4.5M through crowdsourcing Blockchain

Chinese open source blockchain startup Antshares raises $4.5M through crowdsourcing

Chinese open source blockchain startup Antshares has raised more than $4.5 million in a crowdsourced fundraising. Founded in 2015, Antshares is building a decentralized and distributed network protocol based on blockchain technology that will allow users to digitalize assets or shares, and accomplish financial transactions through a peer-to-peer network including registration and issuance and actual transactions along with settlement and payments. Based in Shanghai, China, the company offers the Onchain platform that aims to service goods and assets ranging from real estate titles to corporate equity, supply chain assets to creditors’ claims. “Our vision is to make Onchain a truly...
Read more
What we learned from designing an academic certificates system on the blockchain Blockchain

What we learned from designing an academic certificates system on the blockchain

Over the past year, we have been working on a set of tools to issue, display, and verify digital credentials using the Bitcoin blockchain and the open badges specification. Today we are releasing version 1 of our code under the MIT open-source license to make it easier for others to start experimenting with similar ideas. In addition to opening up the code, we also want to share some of our thinking behind the design, as well as some of the interesting questions about managing digital reputations that we plan to continue working on. You can find links to our source...
Read more
Chinese Government Hosts Blockchain Conference Blockchain

Chinese Government Hosts Blockchain Conference

The Chinese Government is taking a new look at blockchain technology’s promises. Its new approach became clear this week when it hosted the two-day First World Blockchain Conference in Changsha. And speakers weren’t afraid to use that once-scary B-word: Bitcoin. The conference was officially organized by the World Blockchain Foundation, with the Hunan AsiaCoin Blockchain Charity Foundation and Hunan AsiaCoin Business School. China’s Ministry of Industry and Information Technology (MIIT) backed the event, with several government and industry leaders attending. The MIIT also contributed to a blockchain industry research paper last month. Notably, the paper referred to financial services as...
Read more
A primer for those with mental block on blockchain Blockchain

A primer for those with mental block on blockchain

The recent bitcoin hype leads one to ask: what is blockchain? Finance institutions are flocking into the new technology that powers the virtual currency bitcoin and is able to support a “distributed database” that runs on many computers and needs no central authority. But the technology is so new that many finance industry executives cannot explain what exactly it is or what it actually does. Even at an early stage in blockchain development, professionals are clamoring for training in the new technology. Banks, stock exchanges, insurers and government bureaus want to know how blockchain may benefit them and don’t want...
Read more
Hyperledger’s Next Act: A Blockchain Bridge to China Blockchain

Hyperledger’s Next Act: A Blockchain Bridge to China

If blockchain is done right, borders will begin to disappear. Immutable, shared ledgers of transactions and goods could come to serve as a reminder that everything we grow, build, buy and sell comes from the same tiny planet. But this future is far from guaranteed, and the various blockchain developer groups competing to bring it to life have so far struggled to involve talent from all over the world in this global vision. Blockchain consortium Hyperledger, for example, was initially founded with support from companies in almost exclusively Western nations. Yet, the consortium has grown this year to include more...
Read more
Blockchain forges business links in Chinese market Blockchain

Blockchain forges business links in Chinese market

Imagine a financial system that is far more efficient than the one we presently have. One that is less expensive to run and less costly to use, yet at the same time more robust and much harder to abuse. One that gives individuals more control over their financial transactions while better protecting their privacy. A revolutionary new technology, the “blockchain”, allows parties to carry out direct transactions without using an intermediary. It does so by providing a means for people to share reliable and tamper-proof lists of information known as “distributed ledgers”. It allows firms to do things that they...
Read more
Can blockchain help the cards and payments industry? Blockchain

Can blockchain help the cards and payments industry?

Blockchain has been for many years a synonym for bitcoin. Whenever people talked about blockchain they thought of bitcoin, and vice versa. Things have quickly changed in the past few months as shown by the number of banks racing to harness the power of the blockchain technology, in the belief that it could cut up to US$20 billion off costs and transform the way the industry works . What is Blockchain? If you still think that blockchain and bitcoin are the same, think again. Blockchain is the rail, and bitcoin is the wagon. You may not know how bitcoin works,...
Read more