- A market leader in the application of blockchain technology in trade finance
- Implemented security measures and built a four member blockchain alliance
- Improvements in volume with monthly transactions over 100 million
Beijing, May 24th 2018- China CTIC Bank received The Best Blockchain Initiative, Application or Programme Award for 2018 at The Asian Banker Financial Technology Innovation Awards 2018. The award ceremony was held in conjunction with the prestigious The Future of Finance Summit 2018, the foremost annual meeting for decision makers in the financial services industry in the Asia Pacific region, held at the China World Hotel, Beijing, China on May 24th 2018.
Standing from left: Gerald Tai, Senior Executive, Research, The Asian Banker, Wang Yan, GM of IT Department, China CITIC Bank, Andra Sonea, International Resource Director and member of the Asian Banker Technology Innovation Advisory Council,Foo Boon Ping, Managing Editor, The Asian Banker
A market leader in the application of blockchain technology in trade finance
The China CITIC Bank is the first bank in China to apply blockchain technology to the field of trade finance, and spearheaded a blockchain alliance to solve the challenges of time and costs in trade finance and the letter of credit business. It has implemented the first operational production system using permissioned blockchain technology among Chinese banks. The bank added new systems to transfer domestic trade documentation and related information to counterparties in seconds.
Implemented security measures<...
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- A market leader in the application of blockchain technology in trade finance
- Implemented security measures and built a four member blockchain alliance
- Improvements in volume with monthly transactions over 100 million
Beijing, May 24th 2018- China CTIC Bank received The Best Blockchain Initiative, Application or Programme Award for 2018 at The Asian Banker Financial Technology Innovation Awards 2018. The award ceremony was held in conjunction with the prestigious The Future of Finance Summit 2018, the foremost annual meeting for decision makers in the financial services industry in the Asia Pacific region, held at the China World Hotel, Beijing, China on May 24th 2018.
Standing from left: Gerald Tai, Senior Executive, Research, The Asian Banker, Wang Yan, GM of IT Department, China CITIC Bank, Andra Sonea, International Resource Director and member of the Asian Banker Technology Innovation Advisory Council,Foo Boon Ping, Managing Editor, The Asian Banker
A market leader in the application of blockchain technology in trade finance
The China CITIC Bank is the first bank in China to apply blockchain technology to the field of trade finance, and spearheaded a blockchain alliance to solve the challenges of time and costs in trade finance and the letter of credit business. It has implemented the first operational production system using permissioned blockchain technology among Chinese banks. The bank added new systems to transfer domestic trade documentation and related information to counterparties in seconds.
Implemented security measures<...
Categories:
Keywords:
