The payment system and subsidiary of Alibaba Ant Financial that's also an Operator of Alipay, will launch publicly their Enterprise Blockchain Platform next month.
The news was announced at Ant Financial Annual Media Meeting and it will be called Ant Blockchain Open Alliance, the Beta Platform of the Blockchain is available since November 2019.
The Enterprise Blockchain will help small and micro Firms deploy and develop their Own Blockchain applications at low costs.
The Ant Financial Enterprise Blockchain announcement come few days after Baidu Inc released their public chain "XuperChain".
Major Chinese companies are planning to release their own Blockchain Platforms that will help many Firms in different sectors of the economy providing tools to develop their services.
Giants Chinese companies like Tencent and JD will also launch their Blockchain Network.
Xi Jinping endorsement to adopt the tech is certain and will be implemented in various sectors that will help the Chinese Economy grow more faster.
