Blockchain, News

Xiong’an banks take on blockchain technology

On March 2, 2018 Hebei Provincial Government approved the opening of the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank in Xiong’an New District, a newly planned suburban city of Beijing proposed by President Xi Jinping.

Four banks have pledged that they would give play to their advantages in blockchain technology and build up smart finance.

Among them, Mr. Li Jiangang, governor of Bank of China Hebei Provincial Branch, said that Bank of China took the initiative to connect with “Digital Xiong’an” and used blockchain technology to participate in the core businesses of land compensation for “Wisdom Forest Zone”.

Mr. Ren Peng, vice president of China Construction Bank Hebei Provincial Branch, said that with the support of new computing systems, face recognition, blockchain, big data and other technologies, CCB helped Xiong’an New District build Housing rental and trading platform. In the future, CCB will set up Big Data Smart City Innovation Center in the new district to speed up the application of new technologies such as robotics, face recognition and iris recognition.

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