Shanghai Launches First Batch of Colored Metal Blockchain Digital Warehouse Receipts

According to Odaily, Shanghai has launched its first batch of colored metal blockchain digital warehouse receipts on the newly activated "CangDengChain," a blockchain network built on the national "HangmaoDeng" infrastructure. The receipts are issued by China National Materials Storage and Transportation Corporation (CNNST), with full lifecycle processes—issuance, registration, and cancellation—executed on-chain.
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