eCOM Completes Filing of its eCOM Registry Solution with the China Cyberspace Authority

November 9, 2021 — eCOM has completed the filing process of it’s eCOM Registry (Chinese name: 自贸存证链) blockchain based Trusted Data Network solution with Cyberspace Administration of China & Office of the Central Cyberspace Affairs Commission. Companies provide blockchain solutions to China market, are required to complete the official filing process of their solutions with Cyberspace Administration of China & Office of the Central Cyberspace Affairs Commission.

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.

The eCOM Registry is 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.

The eCOM Registry was also an awardee by the Hong Kong Monetary Authority and Bank for International Settlements in November 2020.

Bright Food International, Shanghai WaiGaoQiao Free Trade Development Zone, and the China Trade Cloud Chongqing have also successfully leveraged the eCOM Registry for data governance and trusted data sharing.

Ryan FongeCOM, eCOM Registry, Digital Transformation, Trade Finance, Trade Finance Facilitation, China Cyberspace Authority, Cyberspace Administration of China, Blockchain