Cosco, the Chinese state-run container line, announced this week that it has partnered with Alibaba Group to adopt the blockchain tracking solution from its Ant Financial subsidiary.
The blockchain will let Cosco easily track items across its supply chains, providing potential benefits such as cost savings from reduced paperwork and manpower, as well as the ability to quickly address problems and inconsistencies. It will also allow trusted parties to access that shared information with ease.
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