Ant Group launches cross-border trade platform to support SMEs
Ant Group, the parent company of Chinese payments giant Alipay, unveiled its new Antchain-based global trade platform for small to medium-sized enterprises.
Going by the moniker of Trusple, the platform is based around a concept of “Trust Made Simple”, and aims to streamline the process of cross-border trading. According to Guofei Jiang, President of Ant Group’s Advanced Technology Business Group: “Trusple was designed to solve problems for SMEs and financial institutions involved in cross-border trading.”
Trusple will use Ant Group’s recently launched blockchain solution, AntChain, which includes technologies such as artificial intelligence, Internet of Things and secure computation.