Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Alibaba cooperates with new blockchain platform, Is this project worth following
by
meliodas
on 16/12/2019, 14:47:35 UTC
Quote from: poodle63 on December 16, 2019, 01:51:59 PM
Quote from: Roland.Ewing on December 16, 2019, 01:27:55 PM
Quote from: Sirait on December 15, 2019, 07:45:48 PM
Quote from: skyheaven09 on December 05, 2019, 06:54:12 PM
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_595585

The 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?
I've read the news about this, this is the best news I read in 2019 about cryptocurrencies. Alibaba is a big company in China, Alibaba Founder "Jack Ma" is an influential person in the world, this is great for the cryptocurrency ecosystem especially "Credits".
I think that Alibaba has recognized the importance of blockchain which may be why they have started cooperating blockchain platform in their business model
not so many blockchain company is playing in the logistic transaction. alibaba knows the potential of that field and credits is trying to provide a very scalable blockchain. I believe if this cooperation will go very smooth and we will see more coopeartion with blockchain platform to be implemented into the various ways or service.
It will become a huge start for the ecommerce industry to have blockchain technology in their system. Alibaba is one of the most successful ecommerce business in our world and Jack Ma is a wise man, so he is aware with the power of blockchain technology and just like what you said, if this thing succeed then it will most probably open a lot of opportunities to other industries also.