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Ant Group Claims 100M Digital Assets Are Uploaded to Its Blockchain Daily

Days after announcing an expected $200 billion IPO, the Alibaba affiliate has rebranded its enterprise blockchain to AntChain.

By Paddy Baker
AccessTimeIconJul 23, 2020 at 9:53 a.m. UTC
Updated Sep 14, 2021 at 9:34 a.m. UTC
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Ant Group has claimed its clients are uploading an average of 100 million digital assets to its blockchain every day.

  • The Alibaba-affiliate company made the claim in a release Thursday that announced Ant Blockchain was rebranding to AntChain.
  • An Ant spokesperson later told CoinDesk these were including transaction records, as well as copyright and property ownership certificates.
  • A spokesperson said they were unable to provide historic operational data for the “quiet period” in the run-up to its initial public offering (IPO).
  • Chinese shipping giant Cosco said it was trialing Ant Blockchain earlier this month to distribute tamper-free documentation, such as container records and import licenses.
  • The company now claims to be the largest operating blockchain in China.
  • AntChain will combine blockchain with Ant's other emerging tech offerings, including artificial intelligence and the internet of things.
  • The company also launched AntChain Station: a tool enabling enterprise clients to deploy on AntChain in under an hour – down from ten hours previously.
  • The spokesperson refused to be drawn on how many new clients they expected to onboard with AntChain Station, citing a quiet period.
  • Ant Group said this week it was planning an initial public offering on the Shanghai and Hong Kong stock exchanges at a rumored $200 billion valuation.
  • If it goes through, Ant Group would arguably become the largest companies operating in the blockchain space.

See also: China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

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