- MineHub Technologies (MHUB) and TradeGo have announced an agreement for digital cross-border trade
- The collaboration focuses on the application of blockchain technology in international bulk commodity chains
- TradeGo Pte is China’s leading blockchain-based commodity trading platform
- MineHub is a technology company focused on improving efficiency in the mining and metals supply chain
- Minehub Technologies Inc. (MHUB) was up 3.49 per cent, trading at C$0.445 per share at 1:30 pm ET
MineHub Technologies (MHUB) and TradeGo have announced an agreement for digital cross-border trade.
The collaboration focuses on the application of blockchain technology in international bulk commodity chains. It includes cross-platform integration, business model exploration and alignment and developing new use cases for cross border trade with China.
TradeGo Pte is China’s leading blockchain-based commodity trading platform. It is owned by corporations like Petrochina, Sinochem, Macquarie, Bank of China, COSCO and Saudi Aramco.
The platform provides efficient, safe and reliable solutions for digital trade finance, like electronic bills of lading and warehouse receipts for clients in commodity supply chains across the energy, chemistry and metals sectors within China.
Arnoud Star Busmann, CEO at MineHub Technologies commented on the news.
“I am very pleased with this collaboration with TradeGo, after being connected to the team since early 2020. We have a shared mission with strong synergy opportunities for our users in providing digital highways for trade in and out of China. Blockchain is enabling technology for cross-border supply chain digitalisation and TradeGo is one of the most advanced Chinese companies in that field.”
By connecting the platforms, MineHub users get access to digital trade solutions from Chinese logistics and trade finance service providers connected to TradeGo. Similarly, TradeGo service providers can connect their digital trade services to cross-border trade flows orchestrated on MineHub. Through this cooperation, each platform can provide more value through digital transformation to a larger ecosystem.
This inter-regional platform cooperation will help the development of the digital industry ecosystem, expand the offering of both parties, and more effectively serve the intercompany collaboration of enterprise users in the cross-border trade with China.
MineHub is a technology company focused on improving efficiency in the mining and metals supply chain. It connects the many parties involved in a physical commodity transaction in a digitally integrated workflow, operating on the basis of shared information secured by a global enterprise blockchain network.
Minehub Technologies Inc. (MHUB) was up 3.49 per cent, trading at C$0.445 per share at 1:30 pm ET.