Hong Kong virtual bank Furong issued its first overseas loan based on the on-chain Shenzhen-Hong Kong cross-border data verification platform

Odaily News Fusion Bank, a Hong Kong virtual bank strategically invested by Tencent, announced that it has successfully issued its first overseas loan through the Shenzhen-Hong Kong cross-border data verification platform based on blockchain. It is also the first commercial loan successfully issued after cross-border verification of credit information. It is reported that the platform uses blockchain technology and data codes for document verification, and does not involve cross-border transmission and storage of original data files. (Hong Kong Economic Journal)