According to a recent press release by the company, together with APMEN TradeTech. Corporation, Ideanomics aims to leverage blockchain and what it calls “super artificial intelligence”to chopout “layers of middlemen” in port clearance and shipping handling for the Asia-Pacific Economic Cooperation’s [APEC]on-lineport clearance system.
The first instigation of the toolscould take placein2major Chinese ports namely Shanghai andGuangzhou ports,whichhold the title of the world’s busiest port in 2017.
The move marks the continuation of a growing trendwithin theblockchain sector, with a raft of majorfirms about todisruptwith the aim toofferchain infrastructure with the technology’s introduction.
As per thepress relaseconcerningthe Ideanomics and APMENTech. CorporationTrade deed of partnership, the Co-CEO of Ideanomics ‘Bruno Wu,’ mentioned that:
“Wecanintegrate businessinformationfromseveralpartners, establishing a riskmanagementmodel in cooperation withonewindowto produceriskmanagementservices forrestrictiveauthorities and enterprises.”
Ideanomicswould behaving a share stake of around 60%within thenew venture, promisingit’lllist on an associateunknownChinesestock market exchangebeforethis year ends, thepress release mentioned.
As thetradeexpands, several sources have recently become skeptical of blockchainsupplychainpotency, cautioning the hypethat willberelated tothedevelopment phenomenon.
The CEO of Tradeshift ‘Christian Lanng’ while speaking at the [World Economic Forum] held in China last week even wentonsaying that the blockchain wasn’t appropriately high performance in its current state to suit suchpurposesat scale.
Adding further he said:
“Wheneverindividualssay blockchain,i feelwhatthey areactually askingis that theywould really like to connectthings digitally.”