China’s main trade association for metals is developing a consortium blockchain to cover the entire steel supply chain. Chen Leiming, Vice Chairman and Secretary-General of the China National Association of Metal Material Trade, outlined the development in an interview with Huoxun.
China is the world’s largest producer (51%), as well as the largest consumer of steel. The steel trade association set up the Steel Industry Chain Blockchain Alliance in 2018.
“I think that blockchain technology has a lot of room to play in the steel industry and the field of commodities,” said Leiming.
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