ICBC unveils first banking sector white paper on blockchain

Visitors look at information about ICBC’s Internet finance services in October 2014. Photo:CFPIndustrial and Commercial Bank of China (ICBC), the world’s largest lender by assets, on Tuesday unveiled a white paper on blockchain technology applications in finance, the first of its kind in the banking sector.The white paper’s publication amid a growing focus on China’s blockchain push could rev up the economy’s fintech innovation engine amid the global COVID-19 pandemic, market watchers said.Finance is the most-explored area for blockchain technology-powered application scenarios, according to t…

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