Powerbridge Technologies Introduces Blockchain Cross-Border Service

Powerbridge Technologies (NASDAQ:PBTS), a global trade software company announced that it is launching blockchain-as-a-service technology at Nanning Customs, which manages 497 miles along China’s southwest border. Here, Nanning Customs will apply blockchain technology to monitor, track and reduce risk for cross border goods and transactions.

As quoted in the press release:

Powerbridge Blockchain Cross Border Compliance Platform is provided as blockchain-as-a-service to Nanning Customs starting with designated and limited use cases. The blockchain technology-enabled compliance applications and services are designed to allow the customs agency to significantly increase the effectiveness of risk assessments and interventions in monitoring and controlling the flow of goods, documents, and vendors for cross border trade events and transactions, with an enhanced level of regulatory information transparency and synchronization among customs agencies and other government authorities.

Ban Lor, CEO of Powerbridge Technologies, said: “After nearly two years of focused investments in developing our blockchain solutions, we are very pleased to launch our Blockchain Cross Border Compliance Platform, initially at Nanning Customs.  While relatively early stage, feedback has been positive and encouraging.  We look forward to steady advancements of our blockchain technologies and services as we drive continued growth in our business.”

Click here to read the full press release.