News Snapshot:
The Sichuan province capital of Chengdu has just seen the first use in China of a digital renminbi-based smart contract to make payments to rural residents. Chengdu financial authorities said that Huachuan Group (华川集团) had used the digital renminbi smart contracts to successfully make payments of special rural household funds to six rural village residents in the Chongzhou area. “This marks the first successful issuance in China of rural household special funds in the digital renminbi using a smart contract, as part of the rural village revitalisation campaign,” said authorities. Huachuan Group is a key player in Chengdu’s implementation of...
