Wanda deploys blockchain technology to accelerate the implementation of the "physical + Internet" strategy

Feifan Technology, a subsidiary of Wanda Financial Group, officially joined the Linux Foundation's Hyperledger project on September 8, becoming the project's first core board member from China. This also indicates that China's financial technology companies have comprehensively accelerated their layout in the blockchain field.

The Hyperledger project is initiated and managed by the Linux Foundation. The vision of the project is to jointly develop and establish an open, cross-industry, and cross-border open source standard for blockchain technology with the help of the collaboration of project members and the open source community. The founding board members of Hyperledger are luxurious, including DAH, itBit, Hitachi, IBM, Intel, R3, the Depository Trust & Clearing Corporation, the Chicago Board of Trade, the German Stock Exchange, Accenture, Fujitsu, JPMorgan Chase, SWIFT, etc., covering technology industry giants, Wall Street financial giants, financial industry organizations, and blockchain startups. The Hyperledger project also includes more than 80 member companies. This time, Feifan Technology, as a leading financial technology company from China's "entity + Internet" model, joined the world-class Hyperledger project. This not only marks the first time that Chinese companies have contributed their research and development strength to open source projects in the emerging digital economy and sharing economy, but also based on the fact that industry technical standards are far more important than the technology itself. After becoming a member of the core board of directors, Feifan Technology, a subsidiary of Wanda Financial Group, will actively strive for the right to speak in standardization and demonstrate our firm determination to transform to the Internet and high-tech digitalization.

"We are very pleased to see a world-class company like Wanda Group join us," said Brian Behlendorf, Executive Director of the Hyperledger Project. "Their financial expertise in the real economy and global presence are great assets. By joining the Hyperledger community, we will work together to advance this new open blockchain infrastructure source code and platform."

Cai Dong, Chief Architect of Wanda Financial Group and leader of financial technology innovation, described Feifan Technology's vision for big data and blockchain projects, "We will fully launch a data and technology-driven innovation strategy, accelerate the digital transformation and transformation of Feifan Business Alliance's massive scenarios, integrate our cross-industry big data, and use cutting-edge technologies such as the Internet of Things, blockchain and cloud computing to provide Feifan's open platform for the real economy and the entire blockchain community, with users and merchants as the center, to enhance the core competitiveness of smart scenario solutions and financial technology products and services.

"Wanda Feifan Technology has fully considered China's regulatory compliance needs. It will optimize or strengthen the compliance design of the Hyperledger based on China's national conditions, including the implementation of underlying information security standards, assist in improving relevant policies and regulatory frameworks, and help standardize the financial technology industry and promote the healthy development of the industry. We hope that financial technology will become the most promising and dynamic area in my country's economy.

"Looking to the future, Feifan Technology will rely on its own cloud base and cross-industry big data service platform, actively grasp the development achievements of cutting-edge information technology, innovate research and development with customer experience as the center, and actively create a new model of financial technology products and services with an open platform as the strategy, smart scenarios as the focus, online and offline interactions as the feature, and big data cloud computing as the support.

"At the same time, Feifan Technology is also willing to open up its achievements in the field of financial technology to alliance merchants, smart cities, smart governments and various cooperative enterprises to achieve win-win cooperation and connect various platforms to achieve shared business; Wanda Internet Finance is willing to work with all parties to jointly create a healthy, inclusive, open and vibrant new Internet financial ecosystem to better serve the transformation and upgrading of the real economy and the needs of the times for mass entrepreneurship and innovation."