This collaboration will see CrimsonLogic work together with Shanghai Data Group to improve cross-border trade efficiency. The Letter of Intent was inked at the Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) Meeting held today in Singapore, organized by Enterprise Singapore and co-chaired by Shanghai Mayor Gong Zheng and the Minister of Culture, Community and Youth of Singapore and Second Minister of Law Edwin Tong.

This partnership will also aid the internationalization of Chinese enterprises by connecting them to more than 60 Customs nodes globally via CrimsonLogic’s CALISTA platform, which streamlines trade compliance and supply chain processes by optimizing data reuse and improving connectivity across Customs nodes.

The two companies will also explore using Blockchain, Artificial Intelligence, Cloud Computing and other technologies to establish a safe and efficient trade data protection and regulatory framework.

“We are thrilled to be partnering Shanghai Data Group to facilitate the expansion of Chinese enterprises globally,” said Lawrence Ng, CEO of CrimsonLogic. “We envision an integrated global trade ecosystem which connects government and business stakeholders digitally to optimize and streamline supply chains, bringing our “Total Trade” vision to life. With the right platform and solutions to improve levels of control, connectivity and competitiveness in global trade, we believe this partnership is truly a leap in the right direction for CrimsonLogic and Shanghai Data Group.”

As part of the collaboration, CrimsonLogic and Shanghai Data Group will be exploring opportunities to expand their footprints in China and Singapore respectively to provide even greater value to the industry and their customers.