News / Eximchain develops public blockchain to give logistics SMEs legitimacy

© Aleutie

Eximchain has secured $20m in funding to develop what it claims is the first “public blockchain” designed to support global supply chains.

The software start-up says its distributed ledger technology will help plug a gap of $5.2trn in lost revenues caused by the lack of transparency in cross-border trade and logistics.

According to Eximchain co-founder and chief executive Hope Liu, global supply chains are hampered by a lack of credibility, with many SMEs struggling to obtain financing because of an inability to ...