Ping An To Invest $15B in Blockchain and AI Development

Ping An Insurance Company of China, Ltd. plans to invest about $15 billion in further development of blockchain and artificial intelligence (AI) in order to become the leader in the financial services space.

The representative of Chinese conglomerate

stated

that their investments are always paying off. Moreover, the company has already

“established global leadership in the cutting-edge technologies of AI, blockchain and cloud computing, which will be driving innovations in the financial industry for years to come."

During the Investor Day held in Hong Kong, Ping An mentioned the most extensive commercial distributed ledger technology (DLT) network in the world. The company explained why it was so good. This DLT technology is able to complete nearly 50,000 Transactions Per Second (TPS).

We hope that this company continues its further development, while we remind you about

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