Article: Blockchain provides major boost to speed of China-Europe rail trade

Blockchain, Governance, Innovation

Blockchain provides major boost to speed of China-Europe rail trade

A staff member at ICBC told reporters the benefits of the blockchain-enabled system made it a reliable platform for hosting and tracking trade data.

“We take advantage of blockchain’s merits, such as its tamper-proof nature and timestamps, to form reliable trade data. That can greatly improve the financing capabilities of small and medium-sized foreign trade enterprises,” they said.

The past decade has seen radical changes in how global trade is executed, said Chen Ran, of the Chengdu International Inland Port Operation, who added, “Compared with 2007, we now have the support of blockchain, the Internet of Things and big data, which can help track logistics and significantly lower the risk of cargo damage. So there’s better protection for both the banks and the customers.”

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Article: ‘Blockchain computing’ plan in the works in China’s Yunnan province

Blockchain

Blockchain computing' plan in the works in China's Yunnan province - CoinGeek‘Blockchain computing’ plan in the works in China’s Yunnan province

The plan touches on a wide range of areas, from supporting the construction of new blockchain infrastructure to strengthening blockchain government application leadership, so provincial departments adopt blockchain solutions. One significant part of the plan is the cultivation of the blockchain industry’s application market and benchmarks for blockchain applications.

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