UChain partners with APEX Network

The blockchain for Smart Sharing Economy UChain announced its partnership with a next-generation blockchain for B2C applications APEX Network
06 June 2018   1427

A blockchain project of a leading data technology and AI company APEX Technologies - APEX Network, is teaming up with UChain. The partnership is a distinctive case of a cross-chain synergy: UChain will be able to utilize APEX's proprietary consumer data protection module ATDM to help encrypt and protect consumer data with off-chain storage and on-chain indexing.

The partnership also creates an interoperability of tokens and assets across the two chains. Thus holding and interchangeability of the other blockchain's token in each project's respective wallets is also possible.

UChain also gets to use APEX Technologies' business-to-consumer ecosystem that intersects with sharing economy. Respectively, APEX Network will have access to interact and tap into UChain's large business and consumer user ecosystem. UChain is the first public blockchain for enterprises that allows building dApps with a focus on the sharing economy.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   68

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.