Industrial and Commercial Bank of China (ICBC), one of the Big Four banks of China, is registering a patent for a blockchain system in financial asset trading.
We also know China is very tight in the economy and especially in the crypto market. This is a good news for everyone who loves blockchain.
blockchain system has been designed to use nodes agreement to order transactions and prevent the fraud described above.
its not that just actually a win for our community.
but also its a new way for more secured transaction. and a good thing for the banks in china.
its a win win situation for them and the community around china