Ant Group, the parent company of China’s largest mobile payments business, Alipay, has launches AntChain, a new technology brand for the company’s blockchain-based solutions.
Ant Group has been investing in the research and development of blockchain technologies since 2015 and is reported to have the largest productivity blockchain platform in China, with over 100 million digital assets uploaded onto AntChain on average every day.
The new brand also aggregates other digital technologies including AI, Internet of Things (IoT) and secure computation.
“Since our inception, building trust has been core to our offer to customers,” said Eric Jing, Executive Chairman at Ant Group. “We believe in blockchain’s potential to redefine trust in the digital age, and in solving real-life problems for our customers.”
“With the launch of the AntChain brand, we look forward to contributing to the acceleration of blockchain-enabled industry transformations, and to working with our partners to make blockchain technology more accessible for users,” said Geoff Jiang, Vice President of Ant Group.