The yun-elephant block chain was set up in 2014, and it's a block chain infrastructure service provider, and it's the first team in China to work in the block chain technology and business application, and it's 80% of the team, and it's a PhD and a master's degree. The partners include China minsheng bank, China citic bank, bank of China, industrial bank, suning bank, zhejiang financial asset trading center, zhejiang intellectual property trading center, inspur group and dozens of other institutions.
Yunphant Chain, the company's core product blockchain infrastructure, has applied for more than 50 national invention patents, ranking the 9th in the world in 2017. A number of classic cases were entered into the 2018 China blockchain industry development white paper by the information center of the ministry of industry and information technology. In addition, the "cloud box" open service platform was officially released at the 2018 China computer conference, which can help physical enterprises realize the one-stop blockchain solution of "open platform + scenario application = solution + operation service".
"Technology itself is not the driving force, but the value that comes from it is the driving force," says huang butian, founder of cloud elephant blockchain. Because of this, whether it can bring real commercial value to the industry has become the yardstick of cloud elephant's landing blockchain project.
Huang told babbitt that yunxiang has completed the construction of the letter of credit chain and fufeltine chain for the block chain infrastructure of the commercial bank of China, with access institutions including bank of China, China minsheng bank, citic bank and suning bank.
The above two scenarios belong to trade the financial sector, by l/c as an example, the l/c is a common way of settlement, trade activities of the process is roughly: trade activities in the buyer's deposit to the bank first, open the l/c by the bank, notify beyond the seller's bank to tell the seller, the seller to ship the goods according to the terms in the contract and the letter of credit, the bank that the buyer payment. It can be seen that the premise of the existence of l/c is based on the mutual distrust between the buyer and the seller, which requires the bank to endorse it as a third-party trust institution.
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