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Ant Group, Tencent and China’s major state-owned banks have made Forbes one of the world’s best Blockchain players in 2022

Chinese technology giants and major state-owned banks have taken a prominent place in the latest Forbes list of the world’s 50 best blockchain players in 2022.

In the list of Forbes Blockchain 50 2022 only seven Chinese participants, including major state-owned banks China Construction Bank (CCB) and Industrial and Commercial Bank of China (ICBC).

CCB has processed $ 141 billion in private blockchain transactions for a variety of purposes, including supply chain financing and cross-border payments. The use of CCB blockchain technology has helped to reduce settlement time from a few days to just ten minutes through simultaneous processing in the general registers of CCB branches.

ICBC has developed 40 blockchain applications that handled more than $ 48 million in transactions for local governments and industry in 2021. Icago is one of the leading apps that helps customers issue rewards for using energy efficient vehicles by connecting ICBC customer wallets to public vehicles. data via blockchain.

Chinese technology and technology companies are also prominent in the 2022 list, including Ant Group, Baidu, OneConnect, Tencent and WeBank.

Partner Alibaba Ant Group has 10,000 blockchain developers who have created 30 applications and produced more than 100 million blockchain tracking documents through the AntChain platform.

Baidu has 20,000 developers who focus mainly on financial applications for their open source XuperChain platform. In September, the company struck a $ 25 million deal with the city of Tongxiang, south of Shanghai, to use the blockchain to track supply chains.

Ping An subsidiary OneConnect has used its blockchain financing platform to lend to millions of small businesses in Guangdong over the past two years, while tech giant Tencent uses its Tencent Cloud Blockchain platform to facilitate invoicing. and invoices for sectors including health and transit.

Tencent also participates in tech blockchain applications through digital lender WeBank, in which it owns a 30% stake. WeBank uses a blockchain to record “Green Bud scores” issued through the WeChat mini-app, which can then be exchanged for rewards.

https://www.chinabankingnews.com/2022/02/14/ant-group-tencent-and-chinas-big-state-owned-banks-make-forbes-list-of-worlds-top-blockchain-players-in-2022/ Ant Group, Tencent and China’s major state-owned banks have made Forbes one of the world’s best Blockchain players in 2022

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