Svmuu News: Initiated by the Commodity Warehouse Receipt Registration Center, the “Warehouse Registration Chain”—based on the national blockchain network “Hangmao Chain”—has gone live. Shanghai has launched its first batch of blockchain-based digital warehouse receipts for non-ferrous metals. These receipts, issued by the Global Futures Delivery Business Headquarters of China National Grain Reserves Corporation, complete the entire lifecycle—including issuance, registration, and cancellation—within a closed-loop “on-chain” system. (Pudong Release)