Ethereum News Daily TheBitTimes.com

WeChat operator, Tencent, announced the launch of a new digital yuan smart contract enterprise credit solution platform. The new platform aims to bring a more convenient and efficient financing service for small and medium-sized enterprises. The project will use the digital yuan as the payment tool for companies that utilize the new platform. The new solution will imply the Tencent Blockchain platform technology, a scalable blockchain infrastructure that supports various applications and scenarios. The new initiative will combine elements such as the smart contract engine, the digital yuan wallet, and the enterprise credit system. Tencent and digital yuan Tencent, one of the largest Chinese companies, has shown significant interest in developing and implementing the digital yuan, China’s central bank digital currency (CBDC). As the operator of China’s most widely used internet application, WeChat, Tencent has been designated as a critical player in the rollout of ...

China has launch ed its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in the city of Nanjing, Jiangsu province. The park, which covers an area of 10 square kilometers, aims to attract more than 100 enterprises and institutions related to the digital currency ecosystem, such as financial technology, blockchain, big data, artificial intelligence, and cloud computing. The park was officially opened Oct. 12 by signing a strategic cooperation agreement between the Nanjing municipal government, the People’s Bank of China (PBOC), the central bank’s Nanjing branch and the Nanjing Economic and Technological Development Zone. The agreement outlines the park’s vision, goals and plans, which will serve as a platform for innovation, experimentation and promotion of the e-CNY. You might also like: People’s Bank of China Pledges to “Accelerate” Blockchain Development, Boost Local Industry The park will also host several pilot pr...