Hong Kong and Shanghai Partner to Bring Cargo Data Onchain
Trade authorities in Hong Kong and Shanghai collaborate to integrate cargo data onto blockchain systems, marking a step toward digitalized logistics and enhanced transparency.
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Terms & Concepts
Onchain: Refers to data or transactions recorded directly on a blockchain network for transparency and immutability.
Blockchain: A decentralized digital ledger that securely records transactions across multiple computers.
Cargo Data Integration: The process of uploading logistics and shipment information to digital networks such as blockchain for better traceability.