eCOM Registry Solution Joins Zhongguancun Science Park’s Blockchain Industry Alliance

July 16, 2021 – The eCOM Registry (Chinese product name: 自贸链存证) has join the “Star Chain”( “星火链”) of Zhongguancun Science Park’s (“Z-Park”) Blockchain Industry Alliance. This marks the beginning of the cooperation between eCOM and the Z-Park’s Blockchain Industry Alliance in the areas of International Connectivity, Global Trade Digitalization, and Trade Finance Facilitation, as well as promoting the trusted data sharing network to facilitate enterprise digital transformations.

The eCOM Registry is a Peer-to-Peer Network built on blockchain. Using its distributed ledger and characteristics of distributed data storage, eCOM has developed a set of specifications that ensures data owners maintain full access control over the data they share at all times.

It is also currently successfully implemented in ports, logistics, and other industries. It has also connected both upstream and downstream enterprises across various business units, while allowing participants to authorize and share data to financial institutions. Not only can the eCOM Registry solve problems of "high technical thresholds" and "financing complexities" for SMEs, but it can also provide financial institutions with various data sources and data validation to reduce financial risks and improve the overall trade ecosystem.

Finally, the eCOM Registry was awarded by both the Hong Kong Monetary Authority and Bank for International Settlements in November 2020.