What does Ant L3 (Ant S3) do?

What does Ant L3 do? Ant L3 is a financial services platform for small and medium-sized enterprises. It provides various financing methods including banking and insurance, and uses blockchain technology to issue Tokens for payment and settlement. It also ensures the security of user assets and solves issues related to data privacy protection through smart contracts.

So, what exactly does Ant L3 do? Let’s take a look together. 01 Alipay and Alibaba reached a cooperation agreement. According to the “Notice on Further Expanding the Pilot Scope,” the “China Enterprise Digital Transformation and Development Plan” was officially implemented from January 15 this year (People’s Bank of China official website). 02 Alibaba and Ant signed a strategic agreement to accelerate technology research and development application (Ministry of Industry and Information Technology Information Center) and establish a demonstration base for innovation in the core industries of digital economy (Tencent Technology). 03 Ant and Alibaba launched the “Partner Program” (Baidu Superchain), and Ant Financial launched the “Partner Program” to explore the development of alliance chain ecology. 04 JD.com launched the “Open Alliance Chain.” 05 Ant joins the alliance chain as an infrastructure to create a multidimensional collaboration system and jointly empower the development of the digital economy.

Ant L3 was established at the end of December 2015 and was initiated by Ant Group’s Ant Cloud Computing, Huawei, and Xiaomi. “Based on the distributed business model using blockchain technology, it will achieve unlimited integration from the underlying level to the business end.” According to the introduction, “Ant Group has already completed the development framework construction of BaaS+DSDK and made good progress.”

Ant S3

Recently, at the Ant Chain’s third anniversary cloud summit held in Chengdu, Zhang Chao, Vice President of Ant Group, shared the product experience of Alipay’s “Ant S3.” It is reported that Ant S3 is one of the product series jointly created by IBM and Tencent. “Ant S3” is a blockchain smart hardware project developed by Ant Financial, and the “Blockchain-based Smart Home” solution is also a technological achievement launched by our company.” In addition, it was revealed that deep collaboration is underway with partners. (21st Century Business Herald)