Recently, Forbes announced a list of the top 50 global blockchain companies. Five Chinese companies including Ant Financial, Duxiaoman Financial, Tencent, China Construction Bank, and Foxconn were on the list. In addition, Amazon, Google, Microsoft, Samsung, IBM, etc. were also selected for the list.
The companies on the list own the basic technologies of cryptocurrencies such as Bitcoin and apply them to accelerate business processes and improve transparency. , billions of dollars in cost savings can be realized. At the same time, the list also requires the companies on the list to have annual revenue of no less than US$1 billion, or a valuation of more than US$1 billion. For the companies on the list, blockchain technology has been truly reflected in revenue and cost savings.
Du Xiaoman Finance has explored and implemented multiple blockchain projects, one of which allows millions of ordinary Chinese users to adopt and trade cute digital puppy pets "Leitz Dogs" - these pets are each Not the same as “living” on the blockchain. It also has a service that provides education loans, "Anxinfu", which uses blockchain technology to ensure that students consume teaching services before allocating funds. Du Xiaoman uses a variety of blockchain implementation solutions, including Hyperledger Fabric developed by IBM.
Currently, the application of blockchain technology has extended to many fields such as digital finance, Internet of Things, intelligent manufacturing, supply chain management, and digital asset transactions. At the same time, major countries around the world are accelerating the development of blockchain technology.
In October 2019, the country emphasized that blockchain should be used as an important breakthrough for independent innovation of core technologies, and clearly proposed to accelerate the development of blockchain technology and industrial innovation, and actively promote blockchain and Economic and social integrated development. Some people in the industry believe that this is a new positioning of the blockchain at the top level and has been elevated to a national strategy.
Among the large domestic Internet companies, Duxiaoman Finance is at the forefront in accumulating and implementing blockchain technology.
In addition to the projects on the list, Duxiaoman Finance is also actively innovating in the fields of distributed finance. The distributed finance white paper released in 2019 was the first in the industry to propose a reference technology architecture for distributed finance. . In the field of consumer finance, Duxiaoman Finance, as a pioneer, launched the blockchain ABS (asset securitization) project to solve the problem of trust in the authenticity of the underlying assets of all parties to the transaction.
In 2017, Du Xiaoman Financial jointly issued the first domestic ABS project supported by blockchain technology with partners such as Baiqian Leasing and Huaneng Trust, with an issuance scale of 424 million yuan. This is the first domestic ABS project supported by blockchain technology. Blockchain technology serves as the underlying technical support to realize ABS's "real assets" project; in the same year, it also released the "Baidu-Chang'an Xinsheng-Tianfeng 2017 First Phase Asset Support Special Plan", which means China's first blockchain-based project The technical exchange asset securitization product has been launched, and it is also the product with the lowest issuance interest rate in the current period.
The above-mentioned project has been recognized by the academic community for two consecutive years in 2018 and 2019, and was selected into the case library of Peking University Guanghua School of Management, becoming the school’s first classroom teaching case based on blockchain technology; won Received Harvard Business Review’s 2019 “Excellence in Practice Award”.
"Youqianhua" is a credit service brand under Duxiaoman Finance (formerly Baidu Finance). It is a big brand, reliable, low interest rate and trustworthy. It provides personal consumption credit services to the public and creates innovative consumption. The credit model inherits Baidu's technological genes and uses artificial intelligence and big data risk control technology to provide users with convenient, fast and secure Internet credit services.