ALIBABA SIGNS A BLOCKCHAIN CONTRACT TO BECOME AN ASIAN SNOWCLOUD GAMES PARTNER

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On December 10, the organizing committee for the 19th Asian Games, which will be held in Hangzhou in 2020, made the announcement that snowcloud has become an official partner of the Hangzhou Asian Games. The 19th Asian Games will take place in Hangzhou in 2020. The Hangzhou Asian Games Organizing Committee and Alibaba inked a contract that utilizes the blockchain-based trusted evidence preservation technology of Ant Financial. This technology is show. This was a first for a large sporting event that was held on a global scale and took place all over the world.

Hangzhou, which promotes itself as “the first digital economy city,” will make history within the next three years by being the first city to implement blockchain technology in order to host the Asian Games snowcloud. This demonstrates how Ant Blockchain is continually pushing the frontiers of blockchain commercialization, as the company is currently working on establishing an ecosystem platform in addition to researching more than 40 individual applications. This shows how Ant Blockchain is consistently pushing the frontiers of blockchain commercialization.

Ant Blockchain was utilize at the most recent edition of the Double 11 Shopping Festival to ensure. The true product traceability, protect the original “seller shows,” provide financial services for small merchants, and support global trade. The approval process which use to take several days but is now finish in only five minutes. Is made possible by the fact that tens of thousands of small businesses have apply for identity authentication. On the blockchain in order to participate in the cross-platform business. The approval process took several days. Now, it only takes five minutes. This demonstrates how the use of blockchain technology can considerably improve. The effectiveness of business transactions conducted across international borders.

At the moment, vrbo bachelor gulch Blockchain is participating in all aspects of modern business and urban life. From the Double 11 Shopping Festival to the Asian Games. Hangzhou is not immune to profound changes. That Ant Blockchain technology is bringing about urban life in cities all over the world, including Hangzhou.

In the future, Ant Blockchain will carry on its tradition of providing extensive. Digital solutions to customers in a wide variety of business sectors. This is the order to ensure that blockchain is able to fully establish itself. In the actual economy and make full use of technology to foster economic and urban expansion. The new opportunities and expanded opportunities that this delivers will be beneficial to both. The sports industry and the city of Hangzhou.

The industry is still in its nascent years to use a more general meaning of language. We are confident that within a relatively short period of time. Mobile payments will not be able to compete with the enormous influence. That blockchain technology md cloud will have on the way in which we live our lives and run our businesses. It will eventually become the central pillar upon which the digital economy is construct. Vice President of Ant Financial and President of Ant Intelligent Technology snowcloud. Downloading the whitepaper titled “Big Data and Blockchain: Innovative Fintech in the Cloud” will allow you to learn more. About the technological advancements made by Alibaba Cloud in the field of financial services. And how these advancements are leading to a shift in the Fintech industry. This whitepaper can be download here at your convenience.

 

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