Ant Financial views blockchain as a core technology

By Jonathan Dyble
Ant Financial, the leading Chinese financial services company and affiliate of Alibaba, has revealed that it views blockchain as a core technology and i...

Ant Financial, the leading Chinese financial services company and affiliate of Alibaba, has revealed that it views blockchain as a core technology and is actively looking to implement it in relevant use cases throughout its operations.

Speaking at the TechCrunch International City Event in Hangzhou, China ths week, Ant Financial’s blockchain director Zhang Hui stated that, alongside AI, Security, IoT and computing, blockchain was considered by the company to be one of five key technologies.

See also:

According to Technode, the company is developing its blockchain-based platform whilst pursuing use cases largely based on three principles; creating social value, overcoming scalability issues, and fostering a blockchain ecosystem with industry partners.

The news comes after Jack Ma, the owner of both Ant Financial and Alibaba, gave similar praise for blockchain earlier this year, with media reports stating that he referred to the technology as “the cornerstone of trust for the digital society in the future”.

Ant Financial is one of a number of leading global firms that is more readily looking to utilise blockchain, with the likes of HPE, Amazon, Facebook, Samsung and IBM all having eyed new exploration of the technology within the past three months.

Share

Featured Articles

Exec Q&A: Alex Cruz-Farmer, Cisco ThousandEyes

Alex Cruz-Farmer, Principal Product Manager at Cisco ThousandEyes, explains how their technology brings new levels of visibility to hidden DX issues.

Cloud & 5G - Day 2 highlights from the in-person stage

TECH LIVE LONDON returned to the Tobacco Dock last week. Stage host and Technology Magazine Editor in Chief, Alex Tuck, breaks down the presentations

Cloud & 5G - Day 1 highlights from the in-person stage

TECH LIVE LONDON returned to the Tobacco Dock last week. The stage host and Technology Magazine Editor in Chief, Alex Tuck, discusses the key themes

TECH LIVE LONDON: Day 2 highlights of the hybrid tech show

Digital Transformation

TECH LIVE LONDON: An overview of the hybrid technology show

Digital Transformation

TECH LIVE LONDON: Begins tomorrow at 10am!

Digital Transformation