One of the largest retailers in China, Suning, the company, through its banking PODRAZDELENIE Suning Bank began testing the blockchain app with which banks will be able to create and maintain a General list of customers with bad credit history.

It is assumed that each financial institution will be able to become blockchain-Noda, providing access to their information to other banks.

Recall that last year, Suning Bank, working with businesses small and medium business, entered a consortium that uses the blockchain technology to record transactions on operations with letters of credit. And the people’s Bank of China (PBoC) to prevent financial fraud and reduce the cost of printing has recently come to the decision to transfer paper checks to electronic form by using blockchain technology and use of smart contracts.