Shanghai launches the first batch of non-ferrous metals blockchain digital warehouse receipt businesses
According to Odaily, the warehouse receipt registration center for bulk commodities has launched the "Warehouse Registration Chain" based on the national blockchain network "Trade Chain". The first batch of non-ferrous metal blockchain digital warehouse receipt business has been implemented in Shanghai, with the warehouse receipts issued by the Global Futures Delivery Business Headquarters of China Storage (COSCO) Holdings. The entire life cycle processes of issuance, registration, and cancellation are now completed as a closed loop on the blockchain. (Pudong Release)
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