China's first financial blockchain alliance established in Shenzhen

As a cutting-edge technology in the field of Internet finance, blockchain will have a profound impact on financial business models and financial technology frameworks in the future. At present, many international financial institutions have established their own blockchain alliances. For example, R3 established the R3 Blockchain Alliance in September 2015 and actively developed CORDA; the Global Blockchain Alliance Committee was established in Dubai in November 2015; the LINUX Foundation began to build the hyper-decentralized currency support protocol HyperLedger in December 2015; Japan established the Blockchain Consortium (BCCC) in April 2016. Chinese financial institutions and financial technology companies are certainly not far behind. On May 31, 2016, the Financial Blockchain Cooperation Alliance (Shenzhen) Inaugural Conference was officially held at the Shenzhen Wuzhou Hotel, marking the official establishment of the China Financial Blockchain Cooperation Shenzhen Alliance. The Financial Blockchain Cooperation Shenzhen Alliance, referred to as FBSC, aims to integrate and coordinate financial blockchain technology research resources, form a joint force and coordination mechanism for financial blockchain technology research and application research, improve the research and development capabilities of member units in the field of blockchain technology, explore, develop, and realize financial alliance blockchains suitable for financial institutions, as well as application scenarios based on this. There are 25 founding members of the alliance, namely: Essence Securities, JD Finance, Bosera Fund, Chongqing Stock Exchange Center, First Capital Securities, Fude Insurance Holdings, Guosen Securities, Hang Seng Electronics, Southern Fund, Ping An Bank, Qilu Stock Exchange Center, Ping An Financial Technology, WeBank, Jinzheng Shares, Shenzhen Jinxinhui, Yingshisheng, Zhiyuan Speed ​​Link, Sifang Jingchuang, Yinlian Technology, Shenzhen Securities Communication, Wuhan Exchange Center, China Merchants Securities, China Merchants Bank Network, China Equity Group, China Securities Credit. These 25 financial institutions and financial technology companies signed the alliance agreement at the conference. In addition, Huaan Property Insurance, Huawei, Qianhai Stock Exchange, Qianhai Life, Tencent, Shandong City Commercial Bank Cooperation Alliance and other 6 companies are also members of the Financial Blockchain Alliance. The main representatives and technical backbones of the above 31 financial institutions and companies attended the founding conference and the first member conference of the Financial Blockchain Cooperation Alliance (Shenzhen).