Shanghai has introduced its first batch of blockchain digital warehouse receipts for non-ferrous metals, utilizing the "Cangdeng Chain" on the national blockchain network "Hangmao Chain." This initiative, led by the bulk commodity warehouse receipt registration center, marks a significant step in digitizing commodity trading. The warehouse receipts were issued by CMST Development Co., Ltd.'s global futures delivery business headquarters, completing a full lifecycle "on-chain" process from issuance to registration and cancellation.