OK Group inks deal to help China fight money laundering with blockchain

OK Group has partnered with police in Nanjing city to help combat money laundering through its blockchain solutions. The company revealed that its blockchain intelligence solution has already helped Chinese police recover 10 billion yuan ($1.5 billion) in illegal funds and crack dozens of cases. Despite rampant crackdown on block reward mining activities, China still backs blockchain technology and sees it as a big part of its digital future. In March, the country released its national five-year policy plan, mentioning blockchain for the first time as one of the technologies that the country will focus on in the next half-decade….