According to a release on 8btc, Ali Financial Cloud, a service of Alibaba Group, says that blockchain technology has the potential to provide the next upgrade of the financial industry, with its entrepreneurs experimenting with credit finance technology reconstruction and other infrastructure, which can affect and change financial transactional process.
The press release also said that people are more familiar with using the results of a blockchain technology – Bitcoin virtual currency and so on.
Speaking of smart contracts, it said that that the blockchain technology can also establish mechanisms for intelligent contracts on the internet.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now