An American technology company will launch Blockchain-based platform to support major ports of China
American technology company Ideanomics will cooperate with Asia-Pacific Model Electronic Port Network (APMEN) Tech Trade Co., to optimize supply processes by using blockchain technology.
Along with APMEN Tech Trade Co. Ideanomics focused on using the blockchain and what she calls “super artificial intelligence” to “cut out the middleman” when making the delivery.
The first use of the tools will be held in two Chinese ports — Shanghai and Guangzhou, and the first of them is the title of the busiest port in the world in 2017.
This step marks the continuation of a growing trend in the sector’s supply chain, with many large corporations whose purpose is to destroy obsolete infrastructure through the implementation of Blockchain technology.