May 16 Beijing– Baidu Finance announced issuance of the first blockchain-based ABS product in China with 424 million yuan worth. The product is jointly released with Baiqian Leasing, Huaneng Trust. The product contains private equity ABS for personal car rental. The adoption of blockchain technology provides operation transparency for the asset, which greatly enhance the efficiency, safety and traceability of the product.
Baidu Finance Issue 424m Yuan Blockchain-based ABS in China
http://news.8btc.com/baidu-financial-issue-424m-yuan-blockchain-based-abs-in-china
