GLOBALink Blockchain powers China-Europe rail trade


Source: hongkongnews.net hongkongnews.net

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CHENGDU, April 11 (Xinhua) -- Blockchain is being used to boost trade through the China-Europe train routes, which have contributed significantly to lowering logistics costs and served as a lifeline stabilizing global trade amid the pandemic. On April 1, at the Chengdu International Railway Port, a major port in southwest China's Sichuan Province for China-Europe cargo trains, a new version of the blockchain-powered platform Sino-Europe Trade Link 2.0 was put into operation by the Industrial and Commercial Bank of China (ICBC). The updated platform, which allows enterprises to raise funds directly from the bank, will lower costs and speed up...