China Has Built a Blockchain System That Could Replace Paper Checks
China Has Built a Blockchain System That Could Replace Paper Checks
"China's central bank has completed a blockchain-based system that digitizes checks in a move to counter fraud in the country."
Read more: www.coindesk.com
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Paper checks suck and take forever to send in the mail...
Getting pay stubs in the mail is definitely an outdated process. Not sure how necessary putting it on the blockchain is but definitely glad to see the Chinese government embrace the tech.
Interesting real world application of blockchain in the banking domain. need more of these to come...
Big move by China!! I expect to hear more and more pro blockchain new coming out of China as Blockchain is a big bullet point on their 5 year plan. With any luck...... #NEO will be mooning soon!