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Cosco agrees blockchain technology deal with Alibaba

Chinese shipping and e-commerce giants have pledged to revamp the country’s shipping and logistics networks with digital solutions. Alibaba financial arm Ant aims to build a world-leading logistics supply chain with its partner to make global trade more transparent and efficient

The aim is to use blockchain-based technologies to connect data and systems in shipping, ports, logistics and finance among other sectors and create a platform that facilitates integration along the industry chain

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