Chainbill, the SCF system based on Ultiledger, has achieved cooperation with several public companies in China
Influenced by President Xi’s speech on October 24, 2019, BTC prices rose by 40% in 24H. “Blockchain concept stocks” in China’s A-share market also rose sharply. President Xi said that China should vigorously develop blockchain technology and help industrial development in his speech.
The listed company ST&SAT (002291) has been achieving limit up in 3 consecutive trading days, and refer to its reply to investors, publicly confirmed the use of the SCF system built by the ULT team. ST&SAT (002291) used the system to help its supply chain solve financing problems.
The ULT team, work with Eco-partner Win-win Chain, built the SCF platform base on blockchain for ST&SAT (002291) in March 2018. This is the first case that the ULT team builds blockchain platform for listed companies. After that, the ULT team also provided the SCF platform service based on blockchain for another listed company dawn Co., Ltd (002838). Based on Ultiledger Technology，”Chainbill” system has provided great help for many enterprises in the supply chain.