Shanghai Electronic Port Blockchain Alliance was formally established

"Kechuang Board Daily" 7th news, Shanghai International Trade single window "blockchain +" press conference was held on the morning of November 7th at the National Convention and Exhibition Center (Shanghai). At the meeting, representatives of both government and enterprises signed the "Shanghai Electronic Port Blockchain Alliance Proposal", marking the official establishment of the Shanghai Electronic Port Blockchain Alliance. According to reports, under the active promotion of the Shanghai headquarters of the People's Bank of China and the support of various financial institutions, Shanghai's international trade single window has added cross-border RMB trade financing services, relying on the single-window platform big data advantage, using blockchain technology to solve the trade financing process. The core issue of information asymmetry reduces the financing risks of financial institutions and reduces the financing costs of import and export enterprises.