China COSCO Shipping Corporation has signed a collaboration agreement with compatriot e-commerce giant Alibaba and the latter’s fintech affiliate, Ant Financial Services Group (formerly Alipay), pledging to work together to develop blockchain shipping logistics solutions.
Ant is known for its e-wallet solution Alipay, which is widely used in retail outlets globally.
Under the agreement, China COSCO and Ant will jointly research and promote blockchain shipping logistics solutions in China, using...
https://container-news.com/cosco-to-develop-blockchain-solutions-with-alibaba-group/