A subsidiary of the Alibaba launches blockchain solutions AntChain

Дочернее предприятие Alibaba запускает блокчейн-решения AntChain

Payment Alibaba group Ant Group has launched a new blockchain solutions AntChain, to increase transparency and trust in industrial processes.

A subsidiary of payment company of Chinese e-Commerce giant Alibaba, Ant Group, today launched a new blockchain solutions, which was called AntChain. It is reported by Cointelegraph.

The information was published on the local inform resource South China Morning Post. It says that blockchain solutions AntChain from Ant Group combines artificial intelligence, the Internet of things (IoT), secure computing and other technologies.

The initiative AntChain, Ant Group built a new workstation, which was no larger than a laptop. The station is equipped with a built-in software and hardware accelerators, which mitigates the operation of blockchain applications.

Workstation AntChain can reduce the setup time to one tenth of normal and can increase the transaction speed by 30%.

Ant Group came to the blockchain-the market in 2015 and started working on commercial applications for its bloccano last year. Now the company says it can support more than a billion user accounts and process up to one billion transactions per day.

The company said that nearly 100 million digital records, including transaction data, copyrights and certificates of title, are downloaded every day on AntChain.

Ant Group found great interest in the blockchain industry. In January this year, the company also announced the launch of blockchain-based platform called the Blockchain Ant Open Alliance.

In an official statement Whether Gali (Li Jieli), General Manager of blockchain solutions and innovation company Ant said:

“Used blockchain in the payments industry is still in its early stages of development and a blockchain speed of digital transactions increase, reducing maintenance costs in various industries, promoting the digital economy”.

On the website CoiNews we reported that the second largest city in South Korea, Busan, allow their citizens access to public services, using the identification program based on blockchain technology developed by Coinplug.

The portal CoiNews informed that on 15 July, the Fund developer Stellar (Stellar Development or SDF) announced the official integration of its blockchain ecosystem in the blockchain Samsung’s Blockchain.

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