Government-backed Blackwater Trade Platform in Singapore begins

Government-backed Blackwater Trade Platform in Singapore begins
фото показано с : bitcoints.com

2018-7-19 12:29

CrimsonLogic, a Singapore-based e-government service provider owned by a government agency and a major port operator, has announced the launch of a blockchain platform focused on cross-border trade.
Dubbed GeTS Open Trade Blockchain, the platform is a permissioned network that is run and validated by accredited trade compliance firms acting as nodes.
Trade volume between ASEAN and China would become the single largest transaction between two regions and we hope to facilitate this.”
The blockchain effort follows a pilot program conducted by PSA and IBM last year that tested a proof-of-concept aimed to automate trade document transactions via a distributed network for supply chain partners.
Earlier this year, the companies claimed the proof-of-concept successfully tracked and transacted trade information during a cross-border shipment from China’s Chongqing city to Singapore.

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trade platform blockchain network cross-border permissioned dubbed

Источник: bitcoints.com

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