Hengtian Stood Out in China 2020 Blockchain Innovative Application Competition

Recently, The First Blockchain Innovative Application Competition of 2020 China (Hefei) Digital Economy Innovation Summit was held in Hefei. Hengtian stood out among 100+ product teams and was awarded the 3rd prize of` the competition for its product Blockchain based Supply Chain Finance Solution.

Left 2The representation of Hengtian

To promote the deep integration of Blockchain and financial operation scenario,  Blockchain based Supply Chain Finance Solution supports the business such as signing and distribution, confirmer, acceptance, payment, assignment, pledge and cash of enterprises’ receivables , realizes the efficient and safe transformation to an electronic payment settlement and financing tools and advance to build a common supply chain business circle between core enterprises and upstream and downstream enterprises thus to realize “unfunded transaction” and lower overall cost of the industry chain.

Besides, Hengtian has other solutions applying in different areas as well. For example, in the blockchain plus finance field, Hengtian also has comprehensive solutions such as trade finance, financial transaction depository, basic data sharing platform; and in the blockchain plus new energy, Hengtian has distributed power trading, photovoltaic anti-poverty block chain solutions.

The roadshow of the competition

The competition was carried forward by Ministry of Industry and Information Technology and Anhui’s Provincial People’s Government, directed by Anhui Smart Voice Industry Development Leading Group, and hosted by Hefei Municipal Bureau of economy and information technology, Hefei Data Resource Bureau, Hefei Big Data Asset Operation Co., Ltd, the Blockchain Special Committee of China Information Industry Association and Party Committee of Hefei Big Data Industry.

More than 100+ project teams came from Beijing, Shanghai, Hangzhou, Hefei of China and foreign countries applied the competition, and the field covered Data Security, Asset Management, Product Traceability, Justice, Medical, and Education etc.


Scoring Principles

Future, Hengtian will continue to focus on the exploration of business scenarios, increase the intensity of independent innovation, and continue to shift to the upstream with high barriers of professional technical services, mature products and professional technical services, to create greater scientific and technological value for domestic and foreign clients.

About Hengtiansoft
Hengtian is a technology services company in Hangzhou, China, an alliance among State Street Corporation, Insigma Technology (a Global Outsourcing 100 Company) and Zhejiang University (A Top Three University in China). Hengtian is dedicated to providing reliable and professional IT services and products for companies at home and abroad. The company offers enterprises customized software development services and IT products and solutions in relation to finance, manufacturing, and retailing, to name a few.