Blockchain technologies are becoming more and more integrated with financial services and one of China’s biggest personal financial service groups, Ping An is just another piece of proof of that.
Ping An has revealed that it will launch its new cutting-edge Smart City and AI initiatives next week in China’s Smart City Expo in Shenzhen. The group will launch their new “1+N” platform too.
Through the Smart City initiative, Ping An is aiming to solidify their name as a powerhouse in the global technology and financial services.
The group has four main technologies for their Smart City “1+N” platform which includes:
- Intelligent cognition
- Blockchain technology
- Cloud technology
- AI
This platform is integrating Ping An’s innovation technologies and is strongly for 10 core Smart City sectors which includes:
- Insurance
- Finance
- Education
- Smart administration
- Healthcare
- Real estate
- Protection of the environment
- Care for the elderly
- Security
- Transportation
China is seeing prompt advances of the Smart City and Artificial Intelligence innovation. China is now quickly becoming a leader in developing Smart Cities whilst spurring on over 500 of the 1000 pilot projects worldwide. The investment by Ping An is seen as a vital move to the development of Smart Cities, not only around the country but the globe as well.
Ping An is paving the way, the group’s efforts making a positive impact on the Chinese economy and the social status on the world stage.
The expo is will take place on the 21st – 23rd August this year.
The launch of this new platform has been announced as financial institutions worldwide start to look at the huge protentional that blockchain technology has.
Back in July 2018, the Blockchain technology platform we.trade had performed its first trades. we.trade was set up by Deutsche Bank, KBC, HSBC, Rabobank, Santander, Nordea, and many more to address the expectations of their customers needs to make cross-border trade a lot easier and forthright.
