Crypto

Another Blockchain patent application from the world's largest bank

According to the total assets and market value, the world's largest bank, the China Industrial and Commercial Bank (ICBC), wants to patent a Blockchain system for the interchange of financial assets.

According to the patent application filed by the bank in January,

According to the document, this concept is aimed at removing the existing intermediaries and increasing the liquidity of financial assets.

The ICBC stated in the application that this research should be based on the assumption that this research is both normal

Belgede has the following statements regarding this issue:

"Traditionally built around a centralized system of credibility hand chain, high cost, low efficiency, low stability and flexibility. This is an obstacle to meeting increasing demand for innovative financial products. "

This patent application is the last example of interest in the bank's blockchain technology.

According to the latest financial report, the bank has $ 3.6 trillion worth of assets as of the end of 2017

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