April 16, 2020 Ant Financial launches a consortium blockchain platform.

The Chinese financial technology company and subsidiary of Alibaba Group, Ant Financial has launched a new consortium blockchain platform called OpenChain. The platform is designed to assist small and medium-sized businesses launch blockchain-based applications while reducing costs and increasing efficiencies. Jin Ge, the General Manager of Blockchain Platforms at Ant Financial stated: “Through the launch of the OpenChain platform, we aim to help one million SMEs and developers innovate and explore more use cases in the next three years”.