The Chinese Consortium Chain FISCO BCOS made its international debut at 2018 Singapore Fintech Festival. The organization reported that on December 21, the final round of FISCO BCOS Blockchain Application Contest was held in Shenzhen, China. ODRChain, which is described as a mature and in-operation project implementing a public consortium chain solution to boost the procedure of arbitration, won the grand prize of ¥1 million. The first prize went to Project JustSign, the joint product of JustKey and Forms Syntron. Changhong Information Security Lab’s IoT Trusted interconnection solution won the second prize.
While sharing more details about the event, Henry Ma, President of Financial Blockchain Shenzhen Consortium (FISCO) Technical Committee, Vice President and Chief Information Officer of WeBank, stated:
“Through the Contest, we inspired participants who are using blockchain technology to solve problems in their businesses and encouraged them to join FISCO BCOS – the building block of open consortium chain. Together we will enable collaborative businesses and contribute to future real economy and development of SMEs.”
The FISCO BCOS Blockchain Application Contest was sponsored by WeBank and was guided by China Electronics Standardizations Institutes and China Computer Federation. ZhongChao Blockchain Technology Research Institute provided academic advice. FISCO and Shenzhen Finance Technology Association co-hosted the largest and most famous consortium chain applications contest in China.