China’s biggest port operator, China Merchants Port, reached a deal on May 28 with the e-commerce giant, Alibaba (NYSE:BABA) 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.