Powerbridge Technologies Co. Ltd., or Hongqiao Technology, has disclosed that it is developing a blockchain supply chain management SaaS platform. The platform will utilize technologies such as blockchain, big data, and AI to optimize and integrate traditional supply chain systems.

Powerbridge Technology Group Limited (PBTS.US) is an innovative technology company specializing in providing solutions and operational services for AI, IoT, blockchain, fintech, and SaaS. It offers professional technology services for various domains, including cross-border trade, smart cities, and government services.

The Hongqiao Technology blockchain supply chain management SaaS platform aims to connect suppliers, logistics service providers, distributors, and retailers into a unified network. This will enable real-time information sharing among all parties involved and ensure efficient and trustworthy information transmission.

By empowering the supply chain management industry, the Hongqiao Technology blockchain supply chain management SaaS platform facilitates the integration of blockchain and supply chain management. This will greatly enhance supply chain efficiency, reduce operational risks and costs for businesses, and effectively address issues such as difficulties in obtaining financing for physical enterprises and slow asset liquidity.

Currently, Hongqiao Technology has chosen cross-border trade supply chain as the field of application for blockchain technology. However, it also plans to expand into other areas, such as supply chain financial technology, in the future.

Source: PR Newswire