• Huawei Introduces AI-Powered Blockchain Service Based on Huawei Cloud

  • Huawei and SDPB (SDP Bank) announced the launch of their SPDB Finwarehouse blockchain solution at the HUAWEI CONNECT 2021 event, which began today, September 23, and will run through September 25.

    This solution makes use of IoT to secure movable property pledges.

    The Huawei behemoth, in collaboration with the SDP Bank, presented the Bank of Things White Paper in 2020. They demonstrate a new financial services model and system in it. Following that, SPDB formed a partnership with Huawei, and the two companies began experimenting with innovative technology to promote the Bank of Things and to explore digitalization.

    SPDB Finwarehouse is the result of this fruitful collaboration. This blockchain-based solution is intended for industrial supply chains. It enables the management of pledges for movable warehousing properties in a completely new way.

    According to the press release, movable properties in China promise to become an innovative market with billions of RMB changing hands. This industry has been operating without digitalization up until now.

    The new blockchain solution will be based on the Huawei Cloud and will use artificial intelligence as well as multi-dimensional data verification.

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