Alibaba Bank explores new applications of combining digital RMB with blockchain
On April 28, at the Digital RMB sub-forum of the 6th Digital China Construction Summit, Li Yi, General Manager of the Digital Currency Department of NetShares Bank, revealed that on the basis of fully expanding and fully opening the acceptance scenarios of digital RMB, it is working together with Ant Chain to explore the application of digital RMB in the synergy of industrial chain.
Li Yi said, "The digitalization of industry has gradually evolved from the digitalization of enterprises to the digital synergy of the whole industry chain, and the business flow and capital circulation based on the trust mechanism are crucial. The digital RMB payment chain developed by NetShares Bank can solve the problem that business flow and capital flow cannot be linked in real time through the cross-chain protocol and the ant chain, and truly realize the realization of real-time linkage of business finance." He mentioned that the solution is now in the validation stage and will be continuously improved subsequently.
This is also a new development of Ant Group's digital RMB pilot work. According to the introduction, Ant Group's previous pilot mainly focused on the retail consumption sector. On the wallet side, by deeply integrating the NetShares Bank digital RMB wallet with the Alipay App, it minimizes the cost of understanding and use for users, in addition to forward-looking promotion of multilingual and barrier-free design. On the scenario side, it continues to access representative platform scenarios with high-frequency user usage, such as Taobao, Hungry Horse, Boxma and Tmall Supermarket, etc. Alipay is also the first payment platform to access the digital RMB acceptance network, helping to expand the pilot and increase the volume. In the innovative scenario, Net Business Bank's "Net Business Loan" already supports small and micro merchants and individual households to apply for digital RMB loans on their own, which is also the industry's first large-scale, online and fully automated digital RMB credit application.
It is reported that in the process of digital RMB pilot, Ant Group is mainly involved in three aspects: firstly, digital RMB wallet operation, and Netshang Bank, which is initiated by Ant Group, is one of the digital RMB operating institutions; secondly, the opening of consumer scenarios to continuously bring users a more convenient and secure payment experience; and thirdly, the exchange and cooperation of related technologies.
At present, the traffic and clientele of Alipay App is also fully open to Digital RMB, and the Alipay Red Packet applet of Digital RMB has undertaken consumption voucher activities in many regions, which has significant effect on helping entities to boost consumption.
