China’s Peer to Peer Lending Meets Blockchain as Dianrong Joins Hyperledger Project
Chinese peer to peer platform Dianrong.com announced it will join Hyperledger Project, one of the world’s largest blockchain initiatives. According to the company’s press release, “Dianrong.com is the first Chinese P2P company to succesfully join the project.” Joining Hyperledger marks an important milestone for Dianrong (formerly SinoLending) as it attempts to make inroads into the blockchain industry. With the implementation of peer to peer regulations, Dianrong says it is dedicated to staying open to various financial technologies. The Linux Foundation established the Hyperledger....
Related News
The Linux-led Hyperledger Project recently announced a partnership with Chinese peer-to-peer (P2P) platform Dianrong.com. The company will utilize blockchain technology to further the platform’s future progression. Hyperledger Partners With P2P Lender Dianrong.com Achieving 100 Active Members. Open source distributed ledger project Hyperledger recently....
Hyperledger Project, an open source blockchain initiative hosted by the Linux Foundation, has hit a major milestone of 100 active members. Several new members from China have joined the project, including Dianrong (formerly SinoLending), Shanghai Gingkoo Financial Technology and ZhongChao Credit Card Industry Development Company. "As a fintech company, Dianrong has always been at the forefront of applying emerging technologies to finance," Peng Bi, Vice President of Engineering, said in a statement. "While our core business is connecting lenders and borrowers on our....
Peer-to-peer lending has become an emerging trend in various countries around the world. Especially in China, things seemed to be heating up, thanks to a company called Ezubao. But at the same time, rumours started surfacing this company’s intentions were less than honorable. At it turns out, Ezubao was nothing more than a Ponzi Scheme, hurting the....
These new regulations will also have an impact on Bitcoin in China. Since cryptocurrency does not fall under these regulations, it may become the new peer-to-peer lending option. Peer-to-peer lending has always been a very popular trend in China. That is not entirely surprising, as the country is keen on innovation and embracing new trends. But there have been a fair amount of problems with P2P lending in China over the past few months. New rules have been announced, which will put a vice grip on this innovative business model. At its core, any peer-to-peer service should not shut down....
Brilliant minds around the worth are continually exploring the options and possibilities associated with Bitcoin technology. One of the things where Bitcoin could play a major role is in the world of finance, as digital currency works the same way around the world, regardless of any country borders. Could micro-financing become a future use case for Bitcoin? Let’s find out. It is not the first time Bitcoin is mentioned in the same sentence as peer-to-peer lending. In fact, there are several platforms in existence doing just that, such as BTCJam for example. But one the key issues with....