China Construction Bank Launches Blockchain-driven Refactoring Platform
One of China’s big six state-owned banks is applying blockchain technology to its refactoring operations.
China Construction Bank (CCB) has just announced the official launch of its refactoring operations platform based on the use of blockchain technology.
According to CCB the platform makes use of bespoke blockchain technology to increase operational efficiency and reduce risk in relation to its refactoring business.
CCB said that it aims to provide financing to micro and small-enterprises via cooperation with commercial factoring companies,