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?
Alibaba is one of the most successful business in the world today. It is also the most trending and phenominal online shopping in the world. It made a million of dollar in a week or even a couple of days because it has a lot of customers. That is why having a blockchain will also help it to grow not just because of relation to cryptocurrency industry but in terms of transparency and decentralisation.