Bank of Communications International Trade One-Stop Blockchain Platform Launched

According to People Daily Online news on July 3, Bank of Communications has successfully launched a one-stop financial blockchain platform for international trade in "Foreign Trade Remittance and Ocean Freight Payment Scenarios". This business problem is the first of its kind in Korea to integrate a Windows platform and use blockchain technology to pay for non-sea freight business, as well as a financial blockchain application scenario led by Fujian Province. by government agencies. The system combines the capital of the Customs, Tax and Exchange Bureau and the electricity port (one window) of the Free Trade Center and Xiamen, the Bank of China. Taxes use technologies such as the distribution register blockchain, immutability and the smart contract. The first world window, banks, shipping agencies, shippers and payment companies are all connected.