Recently, with the help of Sinochem Energy’s TradeGo platform, the Nanning Branch of China CITIC Bank successfully issued a sight letter of credit for a major international trade company in Guangxi and completed full-process electronic document handling and release. This marks a breakthrough in the platform’s role in driving the digital transformation of bulk commodity trade.

In traditional international shipping, paper-based document processes are complex, slow, and risky. TradeGo’s blockchain-based electronic bill of lading (eBL) shortened the original 7-10-day document transmission process to just minutes, significantly improving execution efficiency. At the same time, the platform leverages a multi-party verifiable data transfer mechanism to achieve high-level coordination among documentation, property in goods, and capital flow, effectively reducing the risk of trade fraud and providing enterprises with a transparent and trustworthy cross-border trading experience.

TradeGo is one of the only thirteen eBL platforms globally recognized by the International Group of P&I Clubs. TradeGo provides safe, efficient, and compliant digital services for bulk international trade and has already served over 70 domestic and international trading, logistics, and financial institutions since its launch.