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Reading: Shanghai launches blockchain trading platform as commodity index drops 4.81%
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Mycryptopot > News > Crypto > Blockchain > Shanghai launches blockchain trading platform as commodity index drops 4.81%
Blockchain

Shanghai launches blockchain trading platform as commodity index drops 4.81%

May 12, 2026 5 Min Read
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The SSE Commodity Index dropped to about 7,468 factors on Could 8, 2026. In comparison with final 12 months, this was over 5% much less.

To take care of falling costs, Shanghai is launching new initiatives.

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Town has launched a blockchain platform for bulk commodity buying and selling, aiming to spice up development and modernize commerce throughout the Yangtze River Delta.

The brand new platform was created by the Digital Innovation Alliance for Transport and Commerce to hyperlink knowledge from essential organizations like Shanghai Metals Market, China Supplies Storage & Transportation Group, Shanghai Worldwide Port Group, and the Nationwide Bulk Commodity Warehouse Receipt Registration Middle.

The platform makes it doable for numerous trade sectors to collaborate higher and change info extra simply, due to blockchain know-how.

Blockchain unlocks financing market

When issuing loans backed by commodities, banks have historically had issue verifying their authenticity.

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Blockchain, in response to Zhao Xusheng, head of provide chain finance at China Zheshang Financial institution, transforms the method from trusting companies to trusting the merchandise themselves.

This might open up a market the place banks can lend cash in opposition to saved stock and play a much bigger function in commodity buying and selling.

The strategy generates safe digital data which can be troublesome to alter and permits issues to be examined promptly, decreasing fraud and monetary threat for banks.

Early trial tasks have already led to sooner mortgage approvals and made banks extra assured about lending, which might unlock billions of {dollars} tied to unused commodity inventory.

Whereas Shanghai builds extra digital programs, it is usually strengthening the bodily infrastructure behind them.

Kunlunxin, the chip unit of Baidu, is planning to listing on Shanghai’s STAR Board, and it is usually contemplating a separate itemizing in Hong Kong. Baidu owns 58% of the corporate.

The transfer is aimed toward attracting investor curiosity in semiconductor firms as China continues to assist development in its chip trade.

Itemizing in China additionally helps AI and chip companies increase cash from native buyers extra simply.

That is essential as a result of Chinese language AI firms like DeepSeek
and ByteDance want giant quantities of domestically produced chips to run their AI programs.

Testing grounds for AI coverage

This new wave of know-how funding is occurring whereas Shanghai is attempting to show itself into a spot the place AI-based authorities insurance policies will be examined.

Tech Week Shanghai 2026 just lately ended.

The occasion introduced collectively know-how trade leaders and authorities officers to debate methods AI can be utilized in numerous regulatory and authorities programs.

One main announcement was the Shanghai Pilot Programme for Worldwide Cooperation within the Information Sector.

Shanghai is without doubt one of the first areas in China making an attempt large-scale sharing of information throughout worldwide borders.

This system additionally lays out growth plans by way of 2030, together with infrastructure tasks and regulatory pointers.

Town isn’t simply speaking. Officers just lately toured the Lingang Worldwide Information Financial system Industrial Park within the Lingang Particular Space of the China (Shanghai) Pilot Free Commerce Zone.

The park is testing new methods to maneuver knowledge throughout borders.

One undertaking there combines wind energy with underwater knowledge facilities, mixing clear power with computing energy prepared for AI work.

Shanghai aspires to attach cutting-edge laptop know-how with secure and safe knowledge sharing.

Companies now should take care of extra stringent laws pertaining to cybersecurity and worldwide knowledge transfers.

Blockchain-based commerce programs, regionally produced AI chips, and stringent regulatory management are all a part of the town’s broader purpose.

By utilizing this strategy, Shanghai helps multinational companies check, enhance, and increase>make its financial system extra steady even when markets fluctuate.

A method to try this is to maneuver away from relying primarily on bodily commodity buying and selling and put extra deal with higher-value digital providers.

Blockchain performs an essential function on this because it makes it simpler to test that actual property are genuine.

This helps unlock cash that was beforehand caught and fixes long-standing points in commodity finance. Different initiatives embody testing new legal guidelines and making chips regionally.

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Reading: Shanghai launches blockchain trading platform as commodity index drops 4.81%
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