Blockchain
With blockchain technology, we are establishing a next-generation trust mechanism while improving the efficiency of value transfer and multilateral collaboration. The technology presents us an opportunity to empower the real economy and fuel the digital economy at the same time. AntChain, our self-developed financial-grade consortium blockchain platform, stands out among global peers for its performance, reliability, and security. Specifically, it can support an amazing 1 billion transactions for up to 1 billion accounts per day. The platform ranks first in the world by the numbers of patent applications and licenses.
In June 2018, AlipayHK and Philippine e-wallet platform GCash jointly unveiled the world's first blockchain-based cross-border remittance service, offering a convenient, secure, transparent, and low-cost way to transfer money directly between individuals in Hong Kong and the Philippines.
In June 2018, AlipayHK and Philippine e-wallet platform GCash jointly unveiled the world's first blockchain-based cross-border remittance service, offering a convenient, secure, transparent, and low-cost way to transfer money directly between individuals in Hong Kong and the Philippines.