The DLT platform is constructed for conducting financial operations, trading and increasing the scale and amount of deals between banking institutions.
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The trials are initiated by a branch of China’s Central Bank.
Apart from operations with financial assets, the platform can be used as a system, which can help regulators control financial activities.
Owing to the fact that the platform can provide access to sharing data between traders, companies of various sizes can access a big line of financial tools.
The platform also gives Chinese regulators wide opportunities for conducting a full-scale supervision of all operations on the platform and a chance to prevent fraud and scams.
Alex Dovbnya
Denys Serhiichuk
U.Today Editorial Team
Vladislav Sopov
Dan Burgin