Shanghai Launches Pilot Program for "Blockchain-Based Commodity Supply Chain Financing"
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September 21, 2024
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PANews, September 21, 2023: Shanghai officially launched a pilot program for "bulk commodity supply chain financing based on blockchain technology" this afternoon, according to Jin10. The Nonferrous Metals Exchange, Shangang Cloud Warehouse, and the first four bulk commodity trading companies to join the platform have signed strategic cooperation agreements with Bank of Communications.
The pilot program in Shanghai aims to leverage fintech innovation and government guarantee funds to drive the development of supply chain finance based on blockchain technology, better serving the real economy.
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