China’s Industry and IT Ministry will Give Blockchain-Powered Logistics Projects Financial Support

[ChainDD report] March 15 (ChainDD) In its Implementation Plan to Select Model Projects of New Information Consumption released recently , the Ministry of Industry and Information Technology of China noted that it will make efforts for national funding to give financial support for projects with good promise and strong demonstration effect, according to the state-run Shanghai Securities News.

Specifically, the ministry will support development of the whole process of information consumption for modern logistics services, actively explore how to use artificial intelligence, Internet of Things (IoT), blockchain and other technologies to track and monitor the logistics information in the whole process, so as to help the logistics industry reduce costs and increase efficiency.

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