Gingkoo Financial Technology is one of the first batch of enterprises to enter the technology ecology of blockchain in China. Especially in the area of blockchain supervision and compliance, the company has done a lot of exploration and accumulated a wealth of industry-leading application cases that are recognized by the domestic and foreign major financial institutions.
The digital asset circulation platform based on the starfish blockchain which is developed independently by Gingkoo Financial Technology has provided many well-known financial institutions and local financial regulatory departments with solutions in points, credit, bills and supply chain finance and other areas based on the blockchain. It has been effective in helping these financial institutions to improve regulatory efficiency and reduce compliance costs, such as UnionPay credit card blockchain alliance integration platform, China Life Insurance blockchain general integration platform, Guangdong Development Bank supply chain finance, Inner Mongolia Development and Reform Commission's ARAP service platform.
Among them, blockchain credit service platform made for a city financial office united with UnionPay was launched in 2017. Through the use of blockchain distributed accounts as the underlying technology, the supervision service platform realized the collection loan information registration, the credit investigation report, the information disclosure, the on-line product registration, the black and grey list registration and other functions. It solves the problems of supervision timeliness, collateral repeated mortgage, small loan information island, loan applicant borrow money from different institutions and so on. In the application, it helps the regulator to prevent and control the risk effectively and helps small and medium-sized enterprises to solve the financing problems. The project is the first commercial platform in the field of global blockchain regtech and has been recognized by the Global Linux Foundation. At the same time, it is also listed as the only Chinese case of the global important blockchain service SME finance in 2017 by the World Bank SME Financial Berlin Summit.
In addition, the research and application of Gingkoo Financial Technology in blockchain compliance has been extended overseas. Earlier this year, Gingkoo Financial Technology and Silicon Valley famous blockchain payment company Stellar set up a joint venture in Shenzhen, Shenqiu Technology in accordance with national Belt and Road strategy to open the first step of blockchain in the field of cross-border payment and global expansion. In December 2017, Gingkoo Financial Technology and Australia's first payment company Novatti Group Limited signed a memorandum of strategic cooperation. This is the first formal cooperation between Chinese and Australian companies in the area of blockchain and payment.