China: World’s Third-Largest Bank Issues Farmland Mortgage Loan on a Blockchain


In a significant breakthrough to deepen the reform of mortgage loans, the Agricultural Bank of China (ABC) revealed that it has issued a farmland loan worth $300,000 on the blockchain in a trial. The bank, as reported by a local news source, used a segment of agriculture land as collateral to issue the mortgage loan in

The post China: World’s Third-Largest Bank Issues Farmland Mortgage Loan on a Blockchain appeared first on CCN

Posted by Yashu Gola on July 31, 2018 @ https://www.ccn.com/china-worlds-third-largest-bank-issues-farmland-mortgage-loan-on-a-blockchain/

Comments are closed.