Ledger Insights

China’s Ping An rolls out OneConnect blockchain smart legal contracts

OneConnect has developed a smart legal contracting system. The company was founded as the fintech offshoot of Ping An, one of China’s largest insurers and is preparing for an IPO. The ALFA smart contract cloud solution is being rolled out across divisions of Ping An. It covers seven financial sectors including banks, funds, securities, trusts, leasing, futures and insurance.