Today China’s Ant Financial, the parent of AliPay, officially launched OpenChain, a solution aimed at enabling small and micro enterprises to use blockchain applications for less money and without the need to host their own nodes. The project was first unveiled five months ago as the Ant Blockchain Open Alliance but the English name has now changed.
“Through the launch of the OpenChain platform, we aim to help one million SMEs and developers innovate and explore more use cases in the next three years,” said Jin Ge, General Manager of Blockchain Platforms at Ant Financial.
The offering provides numerous ready-made distributed applications or dApps, including for supply chain finance, product provenance, electronic bills, decentralized games, copyright protection and charitable donations.
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