Intel joins Ant Blockchain ecosystem with the strongest computing power and the strongest blockchain technology

On May 27, Intel and Ant Blockchain announced a strategic partnership and completed remote on-chain signing.The global chip giant has joined the Ant Blockchain ecosystem, marking the first in-depth integration of the strongest computing power and the strongest blockchain technology .

In the era of the Internet of Things, the ubiquitous demand for computing power has driven the explosive growth of chips. The traditional chip industry's asset-heavy, high-investment, and long-cycle business model is difficult to adapt to the needs of large quantities, high turnover, and rapid shipments. The efficiency of the industrial chain's circulation needs to be improved urgently.

Chip chain promotes the innovation of traditional chip business model. After joining Ant Blockchain, the hardware leasing supply chain system with Intel chips as the source will be fully blockchained, with leasing manufacturers, insurance companies, and financial institutions all on the chain. All information in the circulation process is true and cannot be changed, thereby reducing the mutual trust cost of each link, improving the supply efficiency and financing efficiency of the middle and lower reaches of the chip industry chain, boosting the supply of chip suppliers, and injecting new vitality into the traditional chip industry.

Downstream leasing companies in the chip industry are the first to benefit. Take the leasing company Zugeliang as an example. After joining the Ant Blockchain ecosystem, the number of user orders increased by 6 times, the timely collection rate increased by 200%, and the bad debt rate dropped to 0.3%. The financing scale and operating scale have expanded significantly, driving the expansion of the market scale of upstream chip suppliers. In the chip industry, equipment leasing has become a trend to replace equipment procurement, and blockchain technology has accelerated this process. Data shows that the global hardware leasing market size reached 800 billion yuan in 2019, while China's was only 80 billion yuan, with huge development prospects.

Jiang Guofei, Vice President of Ant Group and Head of Ant Blockchain, said, "The cooperation between Intel and Ant Blockchain will bring great imagination. In the digital economy era, only by building a trust system of multi-party collaboration can the circulation of asset value in the digital full chain be realized. Ant Blockchain will release new trust dividends to various industries by reconstructing the digital collaboration relationship in the industrial chain."