(Yicai Global) Aug. 1 -- China's first commercial open-source blockchain platform has landed, indicating blockchain finance could step into the scene application.

Shenzhen Qianhai WeBank Co., Shanghai Wanxiang Blockchain Co., and Matrix Element Technology (Shenzhen) Co. yesterday jointly announced that they have had the underlying blockchain platform BCOS (Blockchain open source) developed by the three companies, which is completely open, to drive blockchain finance into the era of scene application.

The essence of blockchain open source is to share the underlying technology with developers. The subsequent entrants can do more scene application development on top of the underlying technologies, Wanxiang Blockchain told Yicai Global.

Yicai Global learned that developers using the BCOS platform can share the underlying infrastructure of the blockchain, and can use the friendly, simple and cross-platform applications to develop API, graphical management platforms, and blockchain browsers, thus speeding up the development process and improving the creation and management experience of blockchain products.