China: World’s Third-Largest Bank Issues Farmland Mortgage Loan on a Blockchain

In a significant breakthrough to deepen the reform of mortgage loans, the Agricultural Bank of China (ABC) revealed that it has issued a farmland loan worth $300,000 on the blockchain in a trial. The bank, as reported by a local news source, used a segment of agriculture land as collateral to issue the mortgage loan in one of its Guizhou province branches. It also distributed … http://bit.ly/2veinaL

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