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Alibaba Payments Subsidiary Launches AntChain Blockchain Solution

Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes. The payments subsidiary of the Chinese e-commerce giant Alibaba, Ant Group, today launched a new blockchain solution dubbed AntChain. According to a report published on South China Morning Post, AntChain is built on top of Ant Group’s blockchain technology combining artificial intelligence, Internet of Things (IoT), secure computation and other technologies.As part of the AntChain initiative, the Ant Group has built a new workstation similar in size to a laptop. It comes with built-in software and hardware accelerator meant to smoothen…

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