On November 6, at the 4th CIIE, Sinochem Energy and its partners PetroChina International, Macquarie CGM, COSCO SHIPPING Energy, Bank of China, Saudi Aramco Energy Ventures, China Merchants Energy Shipping, China Construction Bank, Mitsui and Wanxiang Blockchain signed a JV deal to establish TradeGo Pte. Ltd., a digital service platform for international bulk cargo trading based on blockchain technology.

TradeGo will help customers to gain the upper hand as first movers in the industry’s digital trend. It will become the leading commodity blockchain infrastructure in China, Asia-Pacific, and even the world.