Wanda Financial deploys core blockchain technology to accelerate the implementation of Feifan Technology's "Entity + Internet" strategy

On September 8, Wanda Financial Group officially announced its joining of the Linux Foundation's Hyperledger project, 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, 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 a luxurious lineup, including DAH, itBit, Hitachi, IBM, Intel, R3, the Depository Trust & Clearing Corporation, the Chicago Board of Trade, the German Stock Exchange, Accenture, Fujitsu, Chase Morgan, 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.

Qu Dejun, Chairman of Wanda Financial Group, pointed out:

As a leading Chinese financial technology company with a real economy + Internet model, joining the world-class Hyperledger not only marks the first time that a Chinese company has contributed its R&D strength to an open source project 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, Feifan Technology, a subsidiary of Wanda Financial, has become a core board member this time and will actively strive for the right to speak in standardization, demonstrating our firm determination to transform to the Internet and high technology.

"We are very pleased to have a world-class company like Wanda Group join us," said Brian Behlendorf, Executive Director of the Hyperledger Project. "Their real economy financial expertise and global presence are tremendous 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 the vision of Wanda Feifan Technology's big data and blockchain projects.

That is, to fully launch the financial technology innovation strategy, accelerate the digital transformation and transformation of the Feifan Business Alliance's massive scenarios, and use Feifan App, Wanda's cross-industry big data, Internet of Things, blockchain, cloud computing and other cutting-edge technologies to provide the Feifan open platform for the real economy and the entire blockchain community, focusing on users and merchants to enhance the core competitiveness of products and services.

Wanda Financial has fully considered China's regulatory compliance needs, and will optimize or strengthen the compliance design of the hyperledger as needed in light of China's national conditions, including the implementation of underlying information security standards, assist in improving relevant policies and regulatory frameworks, help standardize the financial technology industry, and promote the healthy development of the industry. We hope that financial technology will become the area with the greatest growth potential and vitality in my country's economy.

Looking to the future, Wanda Financial will rely on its Feifan Technology's cloud base and cross-industry big data service platform to actively grasp the development results of cutting-edge information technology, innovate and develop 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, Wanda Financial is also willing to open up its achievements in the field of financial technology to alliance merchants, smart cities, smart governments and partner enterprises to achieve win-win cooperation and connect various platforms to realize shared business. Wanda Financial Group 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.