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AntChain's Blockchain as a Service: Digitising Industry Collaboration
The case describes how AntChain's parent, Ant Group, started to invest in blockchain in 2015 as it believed the technology would build trust between different actors in a system. The earliest use case was a cross-border remittance service. The team continued to build and develop its blockchain technology, launching a new generation of blockchain-enabled high-speed communication networks and reducing bandwidth costs by 80%. The team went on to win many Chinese and international awards and partnered with training centres and universities to develop the technology. The team was able to monetise its blockchain through BaaS with different strategies, such as service fees and subscription models, depending on what the client needed.