Government-Backed Blockchain Trade Platform Launches in Singapore
“CrimsonLogic, a Singapore-based e-government service provider owned by a government agency and a port operator giant, has announced the launch of a blockchain platform focused on cross-border trade.
The company said in a statement that its fully-owned subsidiary GeTS revealed the service on Wednesday. Dubbed GeTS Open Trade Blockchain, the platform is a permissioned network run and validated by invited nodes who are accredited trade compliance firms.
On top of the open infrastructure, companies in the cross-border supply chain industry can develop decentralized applications for customized needs. The goal is to enable different parties, such as ports, shipping companies and customers, to view and transact trade-related documents in a distributed way to improve the supply chain efficiency and transparency…”
https://www.coindesk.com/government-backed-blockchain-trade-platform-launches-in-singapore/
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