The bank of China issued securities on the blockchain, secured by real estate


#1

The commercial bank of China “Bank of Communications” (BoCom) issued securities, secured by residential real estate, for $ 1.3 billion. For this, he used his own unit blockchain called Jucai Chain.

The state-owned BoCom published an announcement of the issue. Securities secured by residential real estate (RMBS) is a pool of mortgage loans owned by financial institutions. They are combined into a single package taking into account risks and profitability and can only be sold to investors together. Blocker Jucai Chain allows the accessed participants to get acquainted with the necessary data and conduct p2p-transactions.

The main issuer was BoCom itself. Investment company China International Capital Corporation acted as the guarantor of the placement and the leading bank for offering securities. Other guarantors are the Industrial and Commercial Bank of China and the Chinese Commercial Bank.

This is another example of how the banks of the Middle Kingdom are implementing blockchain. Earlier we wrote about how the Industrial and Commercial Bank of China is betting on this technology.


#2

China issues security on blockchain technology is very important and effective because application of security overcomes unsocial activity and it would develop currency markets obviously.


#3

Happy news for all crypto currency lover and investors. Crypto banking security is a main issue in Morden crypto market. Less security crypto easily finished or die from market. China project actually create a positive in crypto.


#4

Yes, the technology of blockchain offers a completely new level of security and the possibility of using in any field.