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Ant Financial Sets To Roll Out Enterprise-focused Blockchain Platform In February

By Warren Hayes | January 10, 2020

Ant Financial – the financial arm of Chinese e-com heavyweight Alibaba – is reportedly set to introduce its “Ant Blockchain Open Alliance” platform in February, specifically designed for enterprises. 

Reported by Bihai123 on January 8, Jiang Guofei – VP for Ant Financial Group – reportedly disclosed that the platform has been put through its beta testing phase, up until November last year, and will be officially available as a fully operational chain.

According to Guofei, the Ant Blockchain will be the first of its kind, in sharing platform use rights, create a gateway for small-scale and micro companies, as well as engineers, to gain access to the blockchain sector, and to design and operate their self-developed apps at a reduced cost. 

This project to build a chain for enterprises has been initially revealed by Gueofei in September 2 years ago, where he notified that the project is an attempt to offer the in-house techs of the company to the general commercial industry. 

“In the past two years, Ant Financial has been working on two aspects about blockchain. One is to improve the technology, and the other is to open it up and accelerate the commercialization of blockchain applications.”

Previously, also in September 2018, Ant Financial introduced its blockchain-as-a-service platform, which comes with the new blockchain-powered e-wallet cross border remittance feature.

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