Alipay owner Ant Financial officially
launched the Ant Blockchain Open Alliance to reduce barriers of entry to SMEs. Now in public beta with limited capacity, the project aims to be a blockchain service network with low costs.
Li Jieli, senior director of Ant Financial, spoke last week at the 2019 Unbounded Blockchain Conference.
He outlined Ant’s blockchain projects, including
remittances from Hong Kong to the Philippines and streamlining
healthcare bills in Taizhou, Zhejiang Province. Hospitals in the region report a reduction in average patient visit times from 170 minutes to 75 minutes when using blockchain for health claims. Its Duo-Chain is used for
supply chain finance applications. There was also the recent
agricultural traceability partnership with Bayer.
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Image Copyright: Ant / Ledger Insights
