Shanghai launches pilot program for "blockchain technology-based bulk commodity supply chain financing business."

ChainCatcher news, according to Jinshi reports, Shanghai officially launched the pilot program for "blockchain-based bulk commodity supply chain financing" this afternoon. The first four bulk commodity trading companies that settled on the platform, along with the Nonferrous Metals Trading Center and Shanghai Port Cloud Warehouse, signed a strategic cooperation agreement with Bank of Communications.

The launch of the pilot program for "blockchain-based bulk commodity supply chain financing" in Shanghai aims to leverage financial technology innovation, utilize the government's guarantee fund, and promote the development of blockchain-based supply chain finance to better serve the real economy.