How Dianrong is taking on shadow banking with blockchain

The Chinese P2P lender teams up with software startup R3 to provide new supply-chain financing by the distributed ledger technology that underpins cryptocurrencies.

How Dianrong is taking on shadow banking with blockchain

Blockchain isn't only about supporting cryptocurrencies like bitcoin or ethereum. Dianrong, a Shanghai-based P2P lending platform, is tapping the distributed ledger technology in an attempt to boost supports for cash-strapped small businesses. In doing so, it's hoping to find a transparent and efficient way of building its share of China's vast non-bank lending industry, at a time when regulators are putting shadow banking under the spotlight.

Dianrong has developed the new Corda app “CorDapp” which...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: dianrong | blockchain | china | fintech | soul htite | regulation

Print Edition

FinanceAsia Print Edition