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What does China Bank blockchain responsible for storing (China Bank blockchain electronic wallet app)

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What does China Bank blockchain responsible for storing? According to the news f

What does China Bank blockchain responsible for storing (China Bank blockchain electronic wallet app)

What does China Bank blockchain responsible for storing? According to the news from the chain, China Bank blockchain is responsible for storing how to improve system stability, enhance data availability and security without affecting system performance. At the same time, this technology can also be used in scenarios such as identity authentication. It is reported that in September 2018, the Digital Currency Research Institute of the People’s Bank of China and Beijing University of Posts and Telecommunications jointly released the White Paper on Financial-grade Distributed Ledger Technology Reference Architecture. According to the report, data assetization based on blockchain is currently one of the most widely used technologies. At the end of 2019, the People’s Bank of China released the first research results on “cross-border payment clearing systems”, and since 2017, it has completed a cumulative value of over 500 billion yuan in fund management and trade financing businesses. In early 2018, the drafting work of the first national blockchain standard in China was officially launched and implemented.

China Bank Blockchain Electronic Wallet App

According to official sources, China Bank blockchain electronic wallet app has recently launched. This application adopts the first domestically developed open-source system – Central Bank Digital Currency (CBDC), and cooperates with Ant Group, Tencent, and other companies to launch the “One Network Platform” app based on blockchain technology. It is reported that the “One Network Platform” app supports bank card transfers and consumer payments. Currently, it has been enabled in some cities. The “integration of two networks” app also provides third-party payment platform services such as Alipay, WeChat, and UnionPay.

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