China’s biggest port operator, China Merchants Port, reached a deal on May 28 with the e-commerce giant, Alibaba Group, and its affiliate, Ant Financial. This deal will allow for the development of a blockchain-based platform, which will target a number of different use cases. According to local media , the platform will allow buyers, sellers, logistic companies, banks, customs, and tax officials to conduct contactless digital export and import transactions. The companies will promote an in-depth integration of blockchain technology in the port industry. Their goal is to become the world’s first blockchain-based digital port with an open collaboration network. The report details that the port is a core node connecting the international commercial trading and logistics industry chain, emphasizing the need to apply an expeditious data sharing scheme with the help of blockchain technology. With the project, all parties hope to “promote the rapid innovation and upgrade of the…


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