HPB (High Performance Blockchain) has officially become a global member of the SME Finance Forum in the International Finance Corporation (IFC) of the World Bank Group.
The World Bank Group is divided into five separate branches：the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Center for Settlement of Investment Disputes (ICSID). The World Bank is a vital source of financial and technical assistance to developing countries around the world, and reduces poverty and support development.
IFC, a sister organization of the World Bank and member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. The SME Finance Forum, of which IFC takes charge, works to expand access to finance for small and medium businesses. The Forum operates a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
HPB is a high performance permissionless public blockchain based on hardware acceleration the BOE Acceleration Engine chip drive. It is a new blockchain architecture, positioned as an easy-to-use, high-performance blockchain platform. It aims to extend the performance of distributed applications to meet real-world business needs, like gaming, social networking supply chain finance, authorization and certification traceability etc. HPB has established strategic cooperative partnerships with customers from finance and data industries and is in the process of implementing the applications.
The core team of HPB boasts over 10 years’ experience in financial data, blockchain and other fields. The founder&CEO of HPB, Wang Xiaoming, is an early adopter of blockchain technology. He has aided in the establishment of the big data team of UnionPay and previously served as the former CTO of Beltal. The other core members of HPB have previous work experience in Huawei, IBM, McKinsey, UnionPay, Deloitte etc.
With its strong technology and industry impact, HPB has been rewarded with many technological and industrial awards both domestic and overseas. In March 2018, HPB attended the “The 4th Annual Conference on Blockchain and Finance Technology China”, organized by the professional B2B financial media where they were awarded with the “2017 Annual Financial Technology Award” alongside “The Most Potential Blockchain infrastructure” award. In June 2018, the Hurun Reasearch Institute released the Hurun Blockchain Companies List 2018. HPB was honored with the award of the top 50 innovative enterprises.
As HPB joins IFC’s SME Finance Forum, it will strive to explore the application of blockchain technology in the finance area, uncover opportunities in blockchain technology and promote the industry to the next level with technological innovation.