P2P Lending Platform in China to Utilize Blockchain

P2P Lending Platform in China to Utilize Blockchain

The peer-to-peer lending and wealth management platform based in China, Lufax has recently unveiled their plan in utilizing the blockchain technology to reduce cost and enhance transparency. The CEO of Lufax, Greg Gibb commented, “So if we could store all the contract agreements between borrowers and lenders on the distributed ledger, then these become unalterable.”

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