Xiongan New Area Completes China's First "Blockchain Plus" Science and Innovation Financing Business
BOC Fullerton Community Bank successfully completed the first online loan based on blockchain technology on the Xiongan New Area Science and Technology Innovation Service Platform, which is the first "blockchain+" science and technology innovation financing service that has been successfully implemented in China.
By building a flat system architecture and a "finance+scenario" service model, the platform has formed a multi-body data governance pattern among government, enterprises and third party financial institutions.
After the platform was launched, the platform's developer, Xiong'an Blockchain Lab, and a number of financial institutions in the new area, including BOC Fullerton Community Bank, conducted a study on how financial technology can serve the application scenarios of technology-innovative enterprises in response to the characteristics of "high risk identification, light assets and high growth". The platform has been actively exploring the application scenarios of innovative enterprises. The platform fully exploits the technical qualities of blockchain data transparency, non-tampering and traceability, integrates enterprise information flow, subsidy application flow and capital flow, and builds a multi-party collaboration platform and credit data platform through smart contract technology, thus realizing accurate credit support for technology innovative enterprises.
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