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Blockchain technology improves cross-border trade facilitation, and Ping An cooperates with China Merchants to build a smart port in Dawan district

Time : 28/02/2022 Author : i5kulx Click : + -
        Recently, the "Guangdong Hong Kong Macao Great Bay combined port project" with technical support from Ping An's technology company oneconnect financial was officially launched in Shenzhen. Ping An's innovative development strategy of "Finance + technology" once again shows strong vitality. Relying on blockchain, big data, artificial intelligence, cloud computing and other leading technologies, through the four service solutions of smart port, smart supervision, smart trade and smart finance, Ping An China is also taking practical actions to continuously help improve the operation efficiency of ports in the Great Bay area and optimize the convenience of cross-border trade ecology. On November 9, the "launch ceremony of Guangdong Hong Kong Macao Great Bay area combined port — — port logistics and trade facilitation service platform launch" jointly hosted by Ping An and China Merchants Group was held in Shekou and Shunde at the same time, "Shekou Shunde combined port" took the lead.
 
        As the technical supporter of the project, Ping An Group's fintech enterprise oneconnect has strong strength in digital construction. Through the four service solutions of smart port, smart supervision, smart trade and smart finance, it actively helps to improve the business environment in Guangdong Hong Kong Macao Bay area, and contributes to the promotion of trade facilitation. It is reported that the Guangdong Hong Kong Macao Dawan district combined port project is a "new infrastructure" project for Dawan district trade, which is built with the joint support and promotion of Shenzhen municipal government, Shenzhen customs, Guangzhou Customs, Shenzhen Maritime Safety Administration and Shenzhen Transportation Bureau, and is committed to improving the facilitation of cross-border trade in Dawan district. Relying on blockchain, big data, artificial intelligence, cloud computing and other leading technologies, through the four service solutions of smart port, smart supervision, smart trade and smart finance, the Guangdong Hong Kong Macao Greater Bay area combined port project service platform will support the interconnection and interconnection of trade parties between the five customs jurisdictions directly under the Greater Bay area. It is the first port, customs, logistics, enterprises An interconnected and shared blockchain network for the whole process of Finance and other trade.
 
        It is worth mentioning that this platform is based on the vision of "accurate supervision, intensive logistics, intelligent operation, process visualization, and financial inclusion", and through scientific and technological empowerment, it continues to help improve the operation efficiency of ports in Dawan district and reduce the cost of import and export enterprises. Chen Rugui, mayor of Shenzhen, said, "A first-class Bay area needs a first-class port, and a first-class port needs a first-class service. Relying on our Shenzhen Customs and port shipping as well as high-tech leading enterprises, we make full use of new technologies such as artificial intelligence, 5g, blockchain, etc., vigorously promote the reform and innovation of the customs clearance mode of ‘ one declaration, one inspection, one release ’, promote the customs clearance integration of the port group in Dawan District, and strive to create the highest customs clearance efficiency and service functions The best, world-class smart port and green port.
 
        ”。 Chen Xinying, CO CEO of Ping An Group, said bluntly, "the container throughput of Guangdong Hong Kong Macao Greater Bay area is more than 70million containers, and the cross-border trade volume is more than 15 trillion yuan, ranking first among the four Bay areas in the world. Under the background of constant changes in Global trade trends, the first problem to be solved is how to integrate the 37 ports in the entire Greater Bay area.". She further said, "we thoroughly implement the concept of ‘ new infrastructure ’ and adhere to the ‘ Shekou spirit ’ to jointly build this platform. In the future, we hope that the Guangdong Hong Kong Macao Greater Bay area combined port project can be done more widely, faster and stronger, covering more Hong Kong exports, shortening the import and export logistics time, meeting the trade financing needs of import and export enterprises, and improving the international competitiveness of the Greater Bay Area's cross-border trade.
 
        ”。 At the end of March this year, Ping An's financial one account signed a contract with China Merchants port group to jointly promote the construction of "Guangdong Hong Kong Macao Greater Bay Port Logistics and trade facilitation blockchain platform project". After more than 7 months of system research and development and process optimization, the first application project of the Guangdong Hong Kong Macao Greater Bay combined port project, namely "Shekou Shunde combined port", was officially launched. It is reported that the project covers four service solutions: smart port, smart supervision, smart trade and smart finance. Among them, the smart port takes the Western home port of Shenzhen of China Merchants Group as the hub, and uses blockchain technology to realize resource sharing and promote the efficient flow of logistics elements in the bay area.
 
        Smart supervision deepens the cooperation between customs and enterprises, and realizes the integrated customs clearance of supervision and coordination through the cross verification of information from all parties in the blockchain. At the same time, it uses the real-time full process intelligent supervision of Internet of things technology and the in transit supervision of barges to reduce the two customs declarations of import and export "customs transfer mode" to one customs declaration, and truly achieve "one customs declaration, one inspection and one release". In particular, smart trade provides enterprises with a comprehensive solution integrating convenient customs clearance, efficient logistics and digital finance, creates a trust, convenient, efficient and traceable trade environment, helps to improve trade facilitation and improve the international trade competitiveness of bay area import and export enterprises. Smart finance is based on multi-party cross validation information to build a new ecosystem of credible trade, optimize export tax rebate financing, cross-border e-commerce finance and other digital financial services, improve the trade and financial integration services of Dawan District, and create core competitiveness.
 
        As one of the clients, Wang Jianguo, vice president of Midea Group and President of Midea international, said, "The combined port project accurately grasped the pain points and difficulties of enterprises in the Greater Bay area, and the two customs declarations of import and export ‘ customs transfer mode ’ were simplified to one customs declaration, which greatly shortened the waiting time for customs clearance of goods and saved customs clearance costs for enterprises. It is expected that the project construction and innovation will provide more convenient and better services for enterprises in the Greater Bay area and create a business environment more conducive to enhancing the competitiveness of enterprises.". Miao Jianmin, chairman of China Merchants Group, said, "the Guangdong Hong Kong Macao Great Bay area combined port project is a specific measure to implement the national innovation driven development strategy.
 
        China Merchants Group will make unremitting efforts with all parties to promote Guangdong Hong Kong Macao Greater Bay area to build an international shipping center with lower cost and higher efficiency, so as to better serve the economy of the Pearl River Delta region. ". Chen Xiaoying, director of Shenzhen customs, believes that, "To promote the construction of a combined port in Guangdong Hong Kong Macao Great Bay area is an active exploration and innovative practice of implementing the new development concept and serving the new development pattern in the new development stage. Through the innovation of supervision mode in the western port area, Shenzhen Customs has opened up direct logistics channels in multiple places, and through the integrated reform of the eastern and western port areas, formed a new maritime logistics pattern of organic connection, parallel and two-way radiation of the eastern and western maritime logistics channels in Shenzhen.". Chen Xinying said, "the innovative mode of the combined port project recognizes the authenticity of trade through cross validation of the information on the chain of cross-border trade related parties, authorizes access to the information of coastal ports and ports along the river, and realizes the ‘ three flows in one ’ of information flow, logistics and capital flow.";.
 
        Through this project, we will actively help improve the business environment in the Greater Bay area of Guangdong, Hong Kong and Macao, and contribute to enhancing trade facilitation. ". As the technical supporter of the Guangdong Hong Kong Macao Great Bay combined port project, oneconnect finance is an important carrier of Ping An's "Finance + technology" strategy. It has a world leading technology team, has unique advantages in blockchain technology, and has a wide range of applications. In fact, as early as 2018, the annual transaction scale of Ping An's blockchain has exceeded 20trillion. On October 31, 2018, with the distributed ledger technology of blockchain, oneconnect delivered the blockchain trade financing network project, etradeconnect, in Hong Kong.
 
        The network was promoted and established by the Hong Kong Monetary Authority. Oneconnect is responsible for the design, development and configuration of the network. At present, 13 domestic and foreign banks have participated in the platform. On April 17, 2019, the Tianjin Port blockchain verification pilot project went online for trial operation, realizing the deep integration of blockchain technology and all links in cross-border trade, such as trading, finance, logistics, supervision, etc. for the first time in the country, and initially establishing a blockchain cross-border trade ecosystem, with Jinrong Yizhang Tong as the implementer. It goes without saying that the opening of data flow is the basis for facilitating customs clearance. Today's combined port project is also based on the innovation of blockchain technology, using the characteristics of the financial one account blockchain technology that cannot be tampered with and automatic cross verification in the encrypted state, to establish the core port logistics data standards and platforms, so that the logistics data can be traced and tampered with under the "intercity combined port" mode, ensuring the authenticity of logistics transportation.
 
        At present, the "Shekou Shunde combined port" pilot scenario has successfully carried out import and export physical cargo testing, and has completed a total of more than 200 TEUs of business trial operation. Under the combined port supervision mode, the overall duration of import and export logistics is reduced from 5-7 days to 2 days, the efficiency is increased by 60%, and the transportation and customs declaration costs of enterprises are saved by 30%. Ye Wangchun, chairman and CEO of oneconnect, said, "the Guangdong Hong Kong Macao Greater Bay area combined port project responds to the call of the state ‘ new infrastructure ’ and helps regulators achieve accurate risk control through customs supervision mode innovation and technological innovation. At the same time, the project also reduces the cost of customs clearance logistics for trading enterprises, improves the efficiency of capital turnover, and contributes a solid force to the high-quality development of the comprehensive construction of port logistics in Greater Bay area.
 
        ”。 It is reported that after the combined port logistics and trade facilitation service platform is launched, Shekou port and Shunde Xingang are like one port, and the delivery of goods by enterprise customers to Shunde Xingang is equivalent to the delivery of goods to Shenxi port, and vice versa. By optimizing the customs supervision process, this platform realizes the logistics coordination and seamless connection between intercity ports, and successfully realizes the "integration of two ports" on the basis of function combination, ship loading and unloading, data coordination and port cooperation. In this regard, Chen Xinying said, "‘ Shekou Shunde combined port ’ takes the integration of Shekou and Shunde as the starting point and pilot field, and hopes to gradually radiate and spread to the whole Guangdong Hong Kong Macao Great Bay area, realize the interconnection and interoperability of all parties in the trade of the Great Bay area, aim to achieve the integration and intellectualization of the port clearance of the Great Bay area, improve the overall competitiveness of the port group of the Great Bay area, establish a new benchmark for the cooperation and innovation of the Great Bay area, and build the ‘ trade + finance ’ ecosystem of the Great Bay area It will bring innovation vitality and contribute new momentum to the construction of a new development pattern of domestic and international double circulation.
 
        ”(produced by thinking Finance) ■.
 
        
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