Everledger, a London-based startup using the technology behind bitcoin to solve fraud issues, is the first blockchain firm to win a ‘Meffy’.
The collaboration between Tencent and UnionPay would allow merchants to accept payments from one customer using WeChat Pay and another using UnionPay’s QuickPass by presenting both with the same scannable code.
Chinese WeChat will offer diamonds from industry leader Alrosa. The related precise information will be stored in Everledger’s blockchain.
China’s Tencent Holdings led the latest funding round for Everledger which specializes in leveraging blockchain and other emerging technologies in making global supply chains robust and transparent.