PR94508

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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