MineHub Technologies Inc. and TradeGo Pte Ltd. announced they have recently entered into a strategic cooperation agreement. The collaboration will focus on the application of blockchain technology in international bulk commodity chains, including cross-platform integration, business model exploration and alignment and developing new use cases for cross border trade with China. TradeGo is China's leading blockchain-based commodity trading platform, and 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 sectors of energy, chemistry and metals within China.
The TradeGo and MineHub platforms combined, as the leading blockchain trade service platforms in their respective regions, will provide users of both parties with richer usage scenarios and a smoother user experience. By connecting the platforms, MineHub users get access to digital trade solutions from Chinese logistics and trade finance service providers connected to TradeGo. Vice versa, 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. In the international trade of bulk commodities, the supply chain is long and there are many participants. 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.