Asset Digitization Global Express

2018.11.3–2018.11.09

1. Dubai Sets Up First Official Cryptocurrency Exchange

Al Zarooni Group and Crypto Bulls have jointly launched the Crypto Bulls Exchange, which will be one of the largest cryptocurrency exchanges in Dubai’s financial area, according to local media reports. “it will be a milestone for the UAE to grasp investment opportunities from the world as all financial technologists and investors hold positive attitudes towards the cryptocurrency and blockchain industries,” said Suhail Al Zaroon, the president of Al Zarooni Foundation.

2. Ant Financial Won The Only Blockchain Award In World Internet Advanced Scientific And Technological Achievements Conference

The only blockchain award in 2018 Wuzheng Internet Conference·World Internet Advanced Scientific And Technological Achievements Conference was presented to the financial blockchain platform of Ant Financial, which was automatically controlled by Ant Financial. It is reported that Ant Blockchain has a number of production-level applications, applying leading technologies to people’s livelihood, business, finance and other fields. It comes first in the global blockchain enterprise professional ranking for two consecutive years.

3. Banco Bilbao Vizcaya Argentaria Completes Its First $150 Million Blockchain Syndicated Loan

In recent days, Banco Bilbao Vizcaya Argentaria, a Spanish bank, completed a syndicated loan of up to $150m for Red Electrica, MUFG, and BNP Paribas by using a private blockchain network. The blockchain system at Banco Bilbao Vizcaya Argentaria allows all parties to exchange information in real time and this information is also accessible to Linklaters and Herbert Smith Freehills, the legal advisors involved in the transaction. The private chain of Banco Bilbao Vizcaya Argentaria was developed based on the Ethereum Blockchain, where information is stamped to show exactly when each transaction took place.

4. Citic Bank Presents Blockchain Trade Financing Platform At World Internet Conference

At the “ Light Of The Internet “Expo Of The Fifth World Internet Conference, Citic bank displayed two fintech achievements — blockchain trade financing platform and financial distributed database. The blockchain trade financing platform adopts the blockchain technology and integrates a series of branches such as asset release, capital quotation, offer and assignment of creditor’s rights so as to realize the “one-stop” service, effectively avoid transaction delay after reaching an intention, minimize transaction cost and improve financing efficiency.

5. Global Shipping Industry’s First Blockchain Alliance Reaches Cooperation Intention

In recent days, in order to promote the reform and innovation of traditional shipping process and better realize goods tracking and cost reduction, a number of shipping and port enterprises have reached the cooperation intention to build the first blockchain alliance of shipping industry. The enterprises involved in this cooperation include DP World, Hutchison Ports, PSA International, Shanghai International Port (Group), CMA CGM, COSCO Shipping Lines.