Blockchain, Fintech

Tencent to tap blockchain to set up supply chain finance platform

(Source: China Daily) Tencent Financial Technology will accelerate the application of blockchain to supply chain finance, aiming to establish an open supply chain finance service platform based on blockchain technology, according to the company's top management. "We want to build WeChain as a supply chain finance service platform based on blockchain technology," said Aaron Cai,… Continue reading Tencent to tap blockchain to set up supply chain finance platform

Blockchain, Fintech, News

Shenzhen tax authority launches blockchain-based tax lab with Tencent

According to a news release by the State Administration on Taxation Shenzhen Municipal Office , state tax authority of China,  the agency is working with Chinese internet giant Tencent to establish an "Intelligent Tax innovation lab in Shenzhen to use blockchain technology in the fight against tax evasion and fraud as well as reducing cost… Continue reading Shenzhen tax authority launches blockchain-based tax lab with Tencent