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Chinese Tech Giant Alibaba’s Subsidiary Releases Consortium Blockchain Platform

Janelle Fox

Summary: Ant Financial, the fintech arm of Chinese tech giant Alibaba Group and the parent company of Alipay, has released a consortium blockchain platform. Named “OpenChain,” the platform is designed to aid small and medium-sized enterprises (SMEs) in developing and delivering blockchain applications “with higher efficiency and lower cost.” By Janelle Fox

Ant Financial, the fintech arm of Chinese tech giant Alibaba Group and the parent company of Alipay, has released a consortium blockchain platform.

Named “OpenChain,” the platform is designed to aid small and medium-sized enterprises (SMEs) in developing and delivering blockchain applications “with higher efficiency and lower cost.”

By Janelle Fox

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