Phoenix, Arizona
March 3-6
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Wednesday, March 4 • 11:00am - 11:10am
Financial Supply Chain Platform for the Real Estate Industry - Kai Wang, ENTROBUS & Baohua Yang, Oracle

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Real estate is the biggest industry in China. In the real estate supply chain, medium and small enterprises in upstream have difficulties in financing. Financial institutions take great efforts to verify the authenticity of information.

Kai‘s team designed and implemented a financial supply chain platform for the real estate industry, named ENTROBUS blockchain. The prototype platform system ranked the 2nd in 2018 Alibaba Cloud Blockchain Competition among 600+ projects. After that, with one year’s system development and deployment, it is now a real-world platform with dozens of enterprise users. Country Garden is China’s leading largest residential property developer focusing on urbanization, which services as the core enterprise in the platform. Based on the core enterprise’s payment accreditation, it could break information asymmetry, reduce credit costs, and optimize capital allocation by credit transfer.

With the core enterprise’ credit transfer, enterprises in the supply chain could enjoy low cost financial services, and improve competitive advantage. With blockchain techniques, the financial institutions could get first-hand information in the supply chain, which reduces the cost of risk control. It provides a platform for the financial institutions with end-to-end data traceability, confirmation and validation, and promotes the healthy and stable development of supply chain financial services.

avatar for Baohua Yang

Baohua Yang

Principal Architect, Oracle America, Inc.
Baohua Yang is currently leading the research and development of Oracle's Blockchain as the principal architect. He has been linked into the system and algorithm areas for 10+ years, with interests on Distributed System and Data Science. He is an open source developer, and has served... Read More →
avatar for Kai Wang

Kai Wang

Kai Wang received the Ph.D. degree in Computer Science in 2012, which was a joint Ph.D. program between Tsinghua University, Beijing, China, and California Institute of Technology, Pasadena, USA. He was an assistant professor with the Institute of Software, Chinese Academy of Sciences... Read More →

Wednesday March 4, 2020 11:00am - 11:10am MST
105 A
  Demo Theater