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?
Cooperation between Alibaba and China is a political manipulation for profit. Where at this time as is known the rampant application of blockchain technology in China, China is working hard so that their crypto creation can be a very necessary thing. That is one of the ways in China to boost blockchain technology that they have adopted to be applied to big markets like alibaba because if China follows competition in the crypto world with other crypto it is very minimal. And they will not get much benefit from it. That's why they are working with alibaba. Here I highlight is the blockchain technology that has been run by China. And this will certainly have an impact on the development of the altcoin market in general, although in the past alibaba had tried to integrate altcoin in their trading system and that had no effect on the development of altcoin, but here I see an ambitious role of China.