Alibaba operates in the field of blockchain and digital assets through its various initiatives. Ant Group, one of these initiatives, started blockchain services. The organization will focus on overseas countries such as Hong Kong and Singapore.Chinese fintech startup Ant Group has launched its blockchain platform that will allow institutional clients to trade and manage real-world assets. This new brand called ZAN has the support of Alibaba.
In the statement from Ant Group, a subsidiary of Alibaba, it was stated that ZAN aims to accelerate Web3 developments and blockchain technology.
Sharing his views on the subject, ZAN Chief Executive Officer Zhang Hui stated that ZAN will offer blockchain application development products and services to corporate and individual customers.
Sharing his views at a conference in Shanghai, Hui said, “As Ant Group, we have seen bottlenecks related to efficiency and security in the application development process.”
ZAN also has different services. The blockchain platform will provide services to customers in various areas such as identifying customers electronically, anti-money laundering and transaction services.
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