Posted inBeijing, China

Leading Chinese bank issues farming loan using blockchain

One of China’s ‘big four’ banks, the Agricultural Bank of China (ABC), has used a blockchain platform to issue a farming-based business loan worth around $300,000. The state-owned ABC backed the loan with agricultural land as collateral, according to the Chinese-language Financial News site. The transaction was carried out at a branch in Guizhou province […]

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