The overarching aim of this multi-stage project led by BeefLedger was to develop the soft and hard digital infrastructure needed to support the growth of smart trade – infrastructure that would overlay and complement the physical elements of export hubs: transport infrastructure, storage, logistics and suchlike. The project team designed this digital infrastructure:
- with blockchain technology (distributed ledger) at its core;
- buttressed by off-chain governance systems; and
- with consideration of new approaches to digital value creation in light of contemporary trends in consumer culture and communities.
The aim was to develop this digital infrastructure in a cross-border trading context, with group buying networks in tier-one Chinese cities as principal counterparties.