BEIJING, July 7(Xinhua) --China COSCO Shipping Co. signed a strategic cooperation agreement with Alibaba Group and its affiliate Ant Technology Group on Monday to carry out in-depth cooperation based on the global shipping logistics network in a bid to push forward the digital transformation of the shipping industry, the Xinhua-run Shanghai Securities News reported on Monday.
Under the agreement, China COSCO Shipping Group will cooperate with Ant Technology Group to promote the deployment of the shipping logistics blockchain in China, and jointly promote the strategic connection based on blockchain technology in the fields of shipping, ports, logistics, and finance.
Besides, the two parties will step up efforts to expand the application scenarios of blockchain, and press ahead with the formulation of data standards in related fields.
According to the report, the two sides will work together to advance cooperation in smart shipping, smart ports and supply chain finance, and jointly promote the digitization of shipping operations and documents.
(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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