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Shanghai Gov’t Partners With 6 Banks on Blockchain Alliance for Trade

Published 11/07/2019, 04:32 AM
Updated 11/07/2019, 06:21 AM
Shanghai Gov’t Partners With 6 Banks on Blockchain Alliance for Trade

The municipal Shanghai government has joined forces with financial institutions to create an alliance to foster the use of blockchain for global trade.

The Global Times reported on Nov. 7 that during the China International Import Expo earlier today, the Shanghai Municipal Commission of Commerce, Shanghai Customs and representatives from six bank branches — including the People’s Bank of China and Bank of Communications — signed a Blockchain Alliance proposal for the city’s e-port area.

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