ChainCatcher reported that Shanghai officially launched the pilot of "commodity supply chain financing business based on blockchain technology" this afternoon. Nonferrous Metals Trading Center, Shanghai Port Cloud Warehouse and the first four commodity trading companies settled in the platform signed a strategic cooperation agreement with Bank of Communications.
The pilot project of "commodity supply chain financing business based on blockchain technology" launched by Shanghai aims to promote the development of supply chain finance based on blockchain technology through financial technology innovation and give play to the role of government guarantee funds to better serve the real economy.
