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WeBank rolls out China’s FISCO BCOS blockchain to Singapore

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Today Chinese digital bank WeBank announced that it has partnered with Singapore government-backed OpenNodes to bring China’s FISCO BCOS blockchain to Singapore. When FISCO BCOS was launched in 2018, it had a stated aim of being China’s answer to Hyperledger Fabric. 

The enterprise blockchain protocol was developed and open sourced by the Financial Blockchain Shenzhen Consortium (FISCO). The consortium is backed by more than 100 Chinese organizations, including JD Finance, Huawei, ZTE, WeChat owner Tencent, and WeBank, which was founded by Tencent (currently has 30% stake).

This is a first step in taking FISCO BCOS outside of China’s borders. FISCO BCOS was also the first blockchain supported by the Blockchain Service Network, China’s national infrastructure, which also has international ambitions.

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