Deep Tide TechFlow news: On July 16, U.Today reported that Ivan Branco, Volvo Group’s head of logistics information management, recently disclosed that the company is developing a proprietary cryptocurrency for vendor transaction settlement. Volvo tested the cryptocurrency in a closed environment to unify the transaction process between material suppliers, transportation suppliers, and Volvo using a single cryptocurrency, and to record all shipping order information through a blockchain ledger, so as to simplify information exchange and improve supply-chain collaboration efficiency.

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