I just saw their official announcement here
https://www.alibabacloud.com/blog/new-solution-for-third-party-logistics_595584 and
https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585The important point that I got is the business model being employed under the 3PL approach includes the use of low-cost and versatile frequency sensors that would be installed inside Shipping Containers to monitor their movements and status via the immutable Credits blockchain database.
And the use of the Smart Payment Service based on the combined Alibaba Cloud and Credits blockchain platforms is a solution that is currently being implemented by the companies in the Chinese market. The Credits blockchain provides secure transactions between the parties to the delivery process and logistics providers, such as DHL.
What do you think about this guys? Will it have a positive effect on the Chinese government regarding cryptocurrencies and blockchain technology? Or even have a big impact on other crypto communities?
This is really good news for blockchain believers in China. In fact, blockchain technology has been widely used in European countries in logistics and it actually works quite effectively. This is just one of the must-have steps in the future of the potential blockchain market. I can predict that after 10 years, service or retail businesses will need to use blockchain technology so that everything can be deployed faster and save more labor.