One of China’s largest financial institutions, China’s Construction Bank (CCB) launched its blockchain based re-factoring platform. The announcement, released on December 10th by local news outlet, Sina Finance App, further points out the bank aims to boost efficiency and reduce risks pinned to the factoring business. China’s state Owned Bank Launches Blockchain-Based platform Factoring is a popular channel that mid and small-sized businesses use to raise capital by selling their invoices at a discount to another firm. China’s state owned CCB, the world’s second largest bank in assets owned, launched…
Read MoreCCB Launches A Blockchain-Based Small Business Financing Platform
