Block chain help Foxconn expand the supply chain financial services

Block chain help Foxconn expand the supply chain financial services

According to Taiwan media reports, financial services platform, a subsidiary of the Foxconn group’s rich gold yesterday to the melting point of the network announced that the cooperation of the Blockchain (block chain) technology into the supply chain financial services platform, electronic, automobile, aimed at the clothing industry such as the three areas of small and medium enterprises. This shows that Foxconn group will expand the supply chain financial services.

Rich gold and the melting point of the network announced that the two sides jointly launched called ChainedFinance block chain financial platform for small and medium-sized enterprises to solve the financing problem, has also been interpreted as a market of Foxconn group to expand supply chain financial services.

According to Reuters, this is the melting point of last December announced to join one of the world’s two largest block chain alliance Hyperledger (super Books) block chain project, become the first domestic P2P company, to join the project, another major deployment in the chain block global emerging technology.

The melting point of the network insiders said, at present point and rich gold has set up an economic entity, to further promote the project chain finance platform. The two sides have also been in negotiations related to strategic investors and investment matters.

The melting point of the network founder and CEO Su Haide said that the block chain technology will subvert the financial industry, especially the financial supply chain, chain block technology can for those of large enterprises have complex supply chain system to provide near perfect solutions. He said, with the help of blockchain financial platform for the whole supply chain of small and medium-sized enterprises can better financing, and lower interest rates; and for the core business, you can better manage the supply chain of small and medium-sized enterprises and related services.

With the help of block chain technology and financial platform for the commercial credit system will become conductive, can be traced back, a large number of the original in the past can not finance the supply chain of small and medium-sized enterprises and the core enterprise is expected to more closely together, and thus get the credit and financing.

The rich gold gold service executive director and general manager Li Renjie said that through the use of block chain finance platform, each transaction on the entire supply chain, are more transparent and easy to manage, block chain finance platform makes suppliers can get more timely and efficient support, this also means that the core enterprise can ensure the security and stability of supply chain finally, and to ensure their own to provide goods to the consumer terminal.

Data show that the gold rich is a wholly-owned subsidiary of Foxconn group, in order to realize the combination of the financial chain, etc. for the purpose of development of group supply, to provide professional financial services to group supply chain suppliers and dealers etc..

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