Intel Unveils Its Participation In The Ant Blockchain Ecosystem

Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • According to recent reports, the world’s largest and highly valued CPU manufacturer Intel has unveiled its participation in the ant blockchain ecosystem.
  • The main idea behind Intel joining the Ant blockchain ecosystem is to realize the overall blockchain. 
  • Ant Blockchain short for “Ant Blockchain Technology Company” is affiliated with the “Ant Financial Services”, a fintech giant.

According to recent reports, the world’s largest and highly valued CPU manufacturer Intel has unveiled its participation in the ant blockchain ecosystem. Ant Blockchain short for “Ant Blockchain Technology Company” is affiliated with the “Ant Financial Services”, a fintech giant. Also a service provider, it provisions user capital information, project, member information in connection to services including data storage, asset registration,etc.,

The main idea behind Intel joining the Ant blockchain ecosystem is to realize the overall blockchain. And secondly to put everyone on the system including the lease manufacturers, insurance companies, and financial institutions on the chain. Thirdly, it is to transfer all the information whilst the ongoing transfer processes. 

Intel participated in the US blockchain startup Filament in 2017

Nonetheless, it is not the first move by Intel to gain access to the blockchain. It opened the gateway for itself to the blockchain world early in 2017. It joined the CME Group’s venture capital department, Samsung NEXT, and other firms mainly to participate in the US blockchain startup Filament.

Intel launched in 1968 has now emerged as the world’s largest and leading manufacturer of CPU and computer parts. In addition to that, it takes pride to have taken the lead in launching the world’s first microprocessor. This firm through its accomplishments has always offered and served the world better. Besides that, it has revolutionized computer and Internet sectors.

To throw light on the Ant Blockchain’s adoption, 16 countries worldwide have deployed it. Countries including China, the U.S, Mexico, Singapore, Canada, South Korea, India, Australia, etc. Ant Blockchain mainly has its focus on enhancing public welfare, cross-border remittance, judicial deposit, and Trust issues relating to electronic bills and traceability. 

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