Fintech Division Alibaba Start Testing Corporate Blocked

Ant Financial has begun testing its own blockchain-platform designed to support small and medium businesses.

Director of Technology and Business Innovations Ant Financial Dzhil Lee announced the start of the test of the corporate platform Ant Blockchain Open Alliance, the launch of which should take place in three months. According to him, the project is designed to help enterprises reduce costs, expand the market presence and customer base.

Although the blockchain platform will be open to developers and organizations, but the company will be cautious to choose a node to ensure high network reliability. Therefore, when considering operators, preference will be given to authoritative educational and certified institutions.

Partners will choose from belonging to industry, regardless of actual geographical deployment. The manual has not yet called potential consortium participants.

Recall that in March, Alibaba Group has signed an agreement with the developer in Aerospace Information about

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