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China Everbright Bank Uses Ant Financial’s DLT for Supply Chain Finance

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China Everbright Bank Uses Ant Financial’s DLT for Supply Chain FinanceChina Everbright Bank Uses Ant Financial’s DLT for Supply Chain Finance

China Ever­bright Bank (CEB), a major commercial bank in China and one of the world’s largest public companies, is debuting a blockchain-based supply chain finance solution by Ant Financial.

Ant Financial, the financial arm of Chinese e-commerce giant, Alibaba (NYSE:), has partnered with CEB to collaboratively implement Duo Chain — a network services platform designed to handle supply chain-related financial transactions.

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