Digital RMB payment has been successfully launched in Xiongan New Area

BlockBeats news, September 1, according to CCTV news, recently, the new reform in male development, fiscal payment center and male camped management department under the guidance of the joint, the People's Bank of China construction bank, hebei male Ann branch through the "male Ann district block chain construction funds management information system", the successful landing number RMB through payment business, Achieved a new breakthrough in the application scenario of digital renminbi in the New area blockchain payment field, which is the first achievement in China. In this business, the subcontractor will apply for the wage payment of migrant workers to the general contractor through the blockchain system, and store the name, digital wallet number, ID number, payment amount and other information of migrant workers on the chain. The general contractor will apply for the money on the chain and transfer the salary into the form of digital RMB through the smart contract technology. From the digital wallet of the main contractor to the digital wallet of the subcontractor, and finally through the payment to the digital wallet of the individual migrant workers. In the process of wage payment, the subcontractor only has the authority to inquire and cannot intercept the flow and misappropriate the wage. (Securities Times)