China Securities Credit Investment Received the First Batch of Trusted Blockchain Evaluation and Certification Assigned by China’s ICT

On October 9-10, 2018, the “2018  Trusted Blockchain Summit” jointly sponsored by China Institute of Information and Communication, and China Communications Standards Association was held in Beijing. The evaluation results of the first batch of trusted blockchain products in 2018 were released. China Securities Credit Investment’s blockchain product “Hyperledger Fabric-Based Financial Blockchain Service Platform” has been evaluated by experts and industrial peers, in the dimensions of product function, product performance and stability, the product won the unanimous approval of peers and has become one of the first platforms to pass the certification test.

As an emerging technology, the blockchain faces problems such as lack of standards and immature underlying technologies. For this reason, China’s ICT along with 158 ​​companies launched the “Trusted Blockchain Promotion Plan” to accelerate the construction of trusted blockchains standard system. Under the joint promotion of all parties in the industry chain, the “Trusted Blockchain Promotion Plan” completed the formulation of the first trusted blockchain standard in China and completed the standard testing of each blockchain product of the registered enterprises. In this 2018 trusted blockchain standard evaluation, 42 manufacturers signed up for testing, and finally 20 manufacturers passed the initial screening, only 14 of which passed the certification test in one trial.

Zhang Zhe, general manager of  online product business unit at China Securities Credit Investment, said at the summit that as a leading credit-technology service provider in China, we are committed to helping the entire life cycle of credit assets (asset generation – asset trading – assets) through technology-driven management and distributed credit infrastructure. Our integrated solution  reduces the cost of credit risk management, improves the efficiency of credit asset liquidity, and resolves the risk of credit asset investment by providing customers with credit risk management, credit enhancement, credit asset transaction management and other full credit value chain services. The blockchain technology, as a technology that builds a multi-party trust system, has become an infrastructure in the field of credit technology in China, and placed in a variety of business scenarios, and began to export.

This year, China Securities Credit Investment’s blockchain products are accelerating the launching of the scenario applications, and a number of scenarios based on blockchain aggregation of small and medium-sized micro-financial service platforms, supply chain finance, and regulatory technology.

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