Chinese Bank Publishes First-Ever Banking Blockchain White Paper

A major Chinese bank has published the first-ever banking blockchain white paper showcasing the potential of blockchain tech in finance. The blockchain-based financial application white paper by The Industrial and Commercial Bank of China (ICBC) is grabbing eyeballs. It is rare to see white papers associated with blockchain technology being published by commercial sector banks. As per a report in the Sina Finance, this is the first-ever white paper from the banking realm. The document studies the present challenges faced by the financial industry participants. It also compares the situation of Chinese blockchain finance developments with western counterparts.

Banking blockchain white paper to promote financial decentralization

The ICBC banking blockchain white paper explores how blockchain-powered applications are becoming common-place in the banking realm. The paper mentions that China boasts of 420 registered blockchain information and service providers. Read More...

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