화요일, 3월 5, 2024
HomeToday중국-유럽 간 철도 교역을 배가 시킨 블록체인 활용

중국-유럽 간 철도 교역을 배가 시킨 블록체인 활용

Blockchain fuels the speed of China-Europe railroad trade!

Rail freight from China to Europe can be delivered within days instead of months after the new blockchain is installed at major railway ports in China.

According to Cointelegraph, a cryptocurrency media outlet on the 12th (local time), the People’s Daily of China reported that the railroad trade route between China and Europe was subject to a major speed upgrade thanks to the application of blockchain technology.

Chengdu International Railway Port in Sichuan Province has set up a blockchain-based Central Europe Trade Link 2.0 platform of the Industrial Bank of China (ICBC).

This will not only reduce time-consuming inspection of logistics documents, but will also allow foreign trading companies to raise funds directly from banks to accelerate cash flow.

The rail freight trade from China used to take more than a month to reach destinations in Europe. Documents and destinations had to be verified at all border crossings, and logistics often became more difficult due to difficulty in translation and bureaucratic hold.

The cargo transport service between China and Europe managed to carry out more than 200 flights in the first three years and three months after launch, but the same amount of travel took place in two months after the introduction of the blockchain technology this time.

An ICBC employee stated that the benefits of a blockchain-enabled system have made it a reliable platform for hosting and tracking transaction data. Year, to form reliable transaction data. It can greatly improve the financing capacity of foreign trade enterprises at the level of SMEs.”

RELATED ARTICLES

Most Popular