ICBC clarification


On October 29, there were online rumors that ICBC was testing the digital currency wallet and also took a screenshot of the “ICBC Digital Money Wallet Service Agreement”. The Beijing News reporter told ICBC that ICBC did not introduce digital currency.

Chen Mancai, deputy general manager of ICBC’s Finance and Technology Department, told the Beijing News that ICBC has not launched digital currency at present. Any information about digital currency is subject to the information of the People’s Bank of China. At present, ICBC does not need to publish information.

Chen Mancai also said that ICBC has begun to apply blockchain to many fields, such as digital Xiong’an and poverty alleviation.

In 2018, ICBC released an enterprise-level blockchain technology platform with independent intellectual property rights. At present, the platform has achieved more than 60 core technological breakthroughs and submitted 41 patents. The technology is applied to fund collection, fund clearing, fund disbursement, and silver. More than 60 scenarios such as enterprise interconnection.

For example, ICBC and the Guizhou Provincial Government jointly created a blockchain platform that serves the precise poverty alleviation. At present, the poverty alleviation fund allocates nearly 5,000 and the disbursement amount exceeds 7 billion yuan. ICBC also used the blockchain technology to launch the ICBC e-mail network financing financial service platform to realize the trust transfer and circulation of the core enterprise accounts receivable among the suppliers. The first month of the online registration has been registered, including more than 500 suppliers including China Railway and China Merchants. Chain enterprises have issued a total of 610 million bank loans, and the transaction turnover amounted to 500 million yuan, helping to solve the problem of SME loan risk control. In the construction of Wisdom Xiong’an, ICBC cooperated with the Xiong’an government to launch the Xi’an Relocation Fund Blockchain Platform, which was put into use in the “Millennium Xiulin” project and the Tanghe Sewage Reservoir Ecological Management.