Chairman of Bank of Communications, Ren Deqi: Utilizing blockchain and other technologies to achieve instant cross-border remittance settlements

According to ChainCatcher, citing Sina Finance, Ren Deqi, Chairman of Bank of Communications, stated that the bank is deeply involved in the construction of Shanghai's maritime trade digital platform. First, it promotes cross-sector integration, providing e-commerce enterprises with safer, more efficient, and convenient "one-stop" financial services such as cross-border settlement, financing, and foreign exchange risk management, centered around the needs of maritime trade clients.

Second, it drives digital empowerment by utilizing blockchain technology and artificial intelligence to achieve instant cross-border remittance settlements, focusing on solving the financing difficulties and high costs faced by small and micro enterprises. Third, it promotes ecosystem co-construction to form an efficient and collaborative ecosystem support system.