The Largest Digital Bank in China featured in the latest Forbes Blockchain 50
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SHENZHEN, China, Feb. 11, 2022 /PRNewswire=KYODO JBN/ --
WeBank, the world's leading digital bank, is featured in the Forbes Blockchain
50 2022. The bellwether list recognizes large corporations that lead in
employing distributed ledger technology and reflects the spreading impact of
the blockchain market globally. WeBank has been recognized for top-notch
research and development of consortium chain technologies, as well as its
continuous efforts in building an active consortium chain ecosystem. WeBank has
provided open-sourced consortium chain technologies to the "The Green Bud
Points" based on "Green Inclusive Cloud" developed by China Beijing Green
Inclusive Network Technology Co., Ltd (''Green Inclusive''). It encourages the
public to reduce carbon emissions by recording daily green behaviors on
blockchain and rewarding those behaviors with credits that can redeem vouchers
and gifts.
The Green Bud Points, a United Nations Sustainable Development GOALS
partnership project, is built on the Green Inclusive Cloud. It intends to
promote a green and low-carbon lifestyle by quantifying and calculating the
carbon emissions of various environmental protection activities. The Green Bud
Points stores users' carbon emission reduction records on chain. Then, the
underlying blockchain technology ensures that the issuance and distribution of
records are transparent and traceable, thus securing trust among all users and
involved parties. In 2021, the Green Bud Points has recorded more than 2,500
tons of carbon emissions reduced.
The Green Inclusive Cloud is one of many practical applications that surfaced
in WeBank's long-term commitment to provide open-sourced blockchain
technologies. So far, WeBank has open-sourced more than 10 blockchain
technologies, including leading the development of the underlying blockchain
platform FISCO BCOS and the identity authentication and trusted data exchange
solution WeIdentity. By implementing FISCO BCOS and WeIdentity, the Health Code
Mutual Recognition System between Guangdong and Macao achieves reliable and
compliant information verification across borders without direct exchange of
personal data. From May 2020 to the end of 2021, more than 100 million border
crossings have been through customs between the Chinese mainland and Macao
using the system.
Besides providing technologies, WeBank strategically focuses on building
consortium chain ecosystem. By the end of 2021, the WeBank-powered FISCO BCOS
community has brought together more than 70,000 individual developers, more
than 3,000 companies and institutions to participate in the construction of the
blockchain industry ecosystem. There are more than 200 public administration,
finance, agricultural, social welfare, entertainment, supply chain and IoT
applications operating stably in the production environment.
Henry Ma, Executive Vice President and Chief Information Officer of WeBank,
said, "Innovation and technology have always been core to WeBank's strategy to
become a world-leading digital enabler. In the coming years, we expect more
opportunities in utilizing advanced technologies to serve the real economy and
drive financial inclusion. With our leading-edge blockchain and other fintech
capabilities, WeBank will continue to collaborate with our ecosystem partners
to drive digital transformations across industries, and explore the paths for
equitable, sustainable and green developments."
SOURCE: WeBank Co Ltd
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Caption: WeBank's full-stack blockchain technologies for new digital infrastructure
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