Australia and Singapore teamed up for common blockchain

They want to simplify the administration of trading and using digital solutions instead of paper-based documents. In case of a regular, everyday order or purchasing, there are more docs, confirmations, shipping statements, invoices, tax-papers, and so on. And actually, these don’t need to exist in psychical form, you can store and manage the data with other methods too, for example, on a blockchain.

Cooperation in international trading produces a lot of paperwork, and you can save time and work for the administrators, while the credibility of data is also sure. Plus, you can update the information in real-time. It’s not a coincidence, there are many supply-chain projects in the crypto-industry. We are talking about a huge volume of goods and also money, and blockchain technology promising a lot of opportunities.