From China comes the news of the collaboration between the Shanghai Stock Exchange (SSE) and the Chinese Asset Management Association (IAMAC) for the creation of a new insurance sector and social security sector characterized by greater efficiency and lower costs for the companies involved, thanks to the use of the potential provided by blockchain.
The new partnership involves also IAMAC, Changjiang Pension Insurance Company, Tokyo Maritime Sunshine and others.
The adoption of blockchain applications in everyday life continues. This agreement will make it possible to develop economic and efficient tools, flexible methods and monitoring platforms in areas such as that of pensions, making it possible to cut down on time and costs.
On July 12th, the Shanghai Stock Exchange confirmed the use of blockchains to speed up assets transactions, confirming how the system is spreading even among the major institutions: the Shanghai Stock Exchange (SSE) is, in fact, the fourth largest trading venue in the world.
Not only that, a few days ago Y Combinator, an important entrepreneurial accelerator, a tool that supports startups in the transition from an emergency enterprise to a now autonomous and mature company, with headquarters in the USA, confirmed the launch of its Chinese division as part of a wider network to unite Silicon Valley and China.
A ray of hope during the current trade war?