Ant Financial Is Launching a Blockchain App to Tackle Food Fraud
Alibaba payments affiliate Ant Financial is poised to launch a blockchain platform next month, alongside an application that tracks rice shipments.
Chinese internet giant Alibaba Group has won two U.S. patents designed to make its blockchain network safer and faster.
The fintech arm of Chinese tech giant Alibaba Group said it expects the blockchain to go live in around three months.
PBOC wants to distinguish its own digital currency from rival private initiatives.
WeChat parent Tencent and Alibaba's payments arm Ant Financial have no plans to follow Facebook into crypto.
Alibaba affiliate Ant Financial has participated in a $10 million funding round for blockchain privacy startup QEDIT and is using the firm's tech.