The Ministry of Industry and Information Technology is considering creating standards to boost blockchain development; the China Electronics Standardization Institute wants to help form a committee surrounding the issue and try to keep the country ahead of the curve; China has also participated in international efforts on blockchain technology focused on authentication and smart contracts. Source.
Longfin is a micro-cap company that is listed on the Nasdaq; the company offers foreign exchange as well as financing to small businesses; recently they acquired micro lender Ziddu.com which provides smart contracts on the Ethereum blockchain; now the company is looking to make contracts available for p2p lending, warehouse finance, structured products and FX or OTC derivatives. Source
Netherlands invoice finance startup Finturi has closed $2.2 million in funding to help companies secure loans against invoices using blockchain and...
Smart contract technology, although essential to the digitalization of financial platforms, does not come without challenges.