Alibaba Signs Blockchain-Related Deal With Chinese Port Operator By Cointelegraph

Alibaba Signs Blockchain-Related Deal With Chinese Port Operator By Cointelegraph


Alibaba Signs Blockchain-Related Deal With Chinese Port Operator

China’s biggest port operator, China Merchants Port, reached a deal on May 28 with the e-commerce giant, Alibaba (NYSE:) Group, and its affiliate, Ant Financial. This deal will allow for the development of a blockchain-based platform, which will target a number of different use cases.

According to local media, the platform will allow buyers, sellers, logistic companies, banks, customs, and tax officials to conduct contactless digital export and import transactions.

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