Blockchain-based Digital Trading Platform for Shanghai Clearing House has run successfully
The Shanghai Clearing House has deployed the blockchain technology in its digital trading platform, which is online on Jan. 25, 2018.
The platform is built by the China Banknote Printing and Minting Corporation, Industrial and Commercial Bank of China, Bank of China, Shanghai Pudong Development Bank and Hangzhou Bank together. The cryptographic algorithm used is designed by Chinese scholars.
This platform has been used for digital ticket issuance acceptance, discounting and transfer of business, which is a milestone of bill market.