Shandong Port Group Rizhao Port electronic warehouse receipts first business, landing on the Internet of Things, blockchain and other concepts

According to the Rizhao Daily News, on September 20th, Shandong Port Group Rizhao Port Commodity Exchange Center landed the first electronic warehouse receipt pledge financing business in the Free Trade Zone. It is understood that the electronic warehouse receipt is a digital online electronic voucher created by the Shandong Port Group Rizhao Port Dashang Center relying on the advanced information management level of the bonded warehouses in the port and free trade zone, using the concepts of the Internet of Things and blockchain. The customer pledges the electronic warehouse receipts to the bank for financing, and can realize the rapid realization of the goods at the landing port and the “raw gold”.