Ant Group, which is still undergoing a restructuring after regulators blocked its initial public offering in 2020, unveiled a blockchain storage engine on Thursday as the fintech giant signals a pivot towards hard tech.
The Ant Group Digital Technologies unit unveiled Letus, or Log-structured Efficient Trusted Universal Storage, at the Apsara Conference in Hangzhou, describing it as a way to lower the storage costs of blockchain networks, according to a press release on Thursday.