Smart contract impact  with ordinary contract? Did you mean the difference between them? I you think that there is no difference between both of them then why did Alibaba use Credits Smart Contract if they can just use the ordinary one? So there is must be a difference between it

After reading the news about it the main benefit about it is that the holders don't need to sell their Credits assets to get the funds they need and also they can also borrow money into credit coins by providing guarantee and to get their guarantee back they must pay off the payment they made first

If China make their own cryptocurrency then well done thats great for them and obviously they will dominate the world if they succeed

But for this to happen they need to see the results of this partnership first

If they maintain or had a great work of pace than before no doubt they will able to do that
I this case only time can tell just wait and see I guess

The platform is developing at a high pace, but it is very difficult to get a result in the price in the market now moving away from the bearish trend but the future is interesting

The moment all the countries convert to cryptocurrency would be the beginning of many amazing things to happen to the world and the financial sector, the process sending and receiving funds worldwide would become very fast and easy, it would lead to growth of businesses and make life easier for citizens of the world

Credits and Alibaba made a partnership in logistics industry that increase efficiency by building trust between suppliers and consumers.

I think that crypto needs more awareness and adoption but it is kinda hard for those who are not open to embracing this kind of technology

What I know is that ECS is an online computing service that offers elastic and secure virtual cloud servers to cater all your cloud hosting needs, it provides fast memory and help you to power your cloud app and achieve faster results with low latency

I dont think that it can do other transactions coz credits and alibaba partnered up to develop a blockchain system for Chinese logistics industry
So I think that it can only be used in logistics transactions. Plz correct me if im wrong tho

I think the process is not that difficult, even common people can do it. The whole process kinda looks like this :
1. Sign up an account on Alibaba Cloud
2. Get an access to virtual computing environment that includes the CPU, memory, OS, bandwidth, disks, and other basic computing components in the Elastic Compute Service
3. Install git on Alibaba Cloud instance
4. Install Credits node software
5. Set up environment variables
6. Connect your application to Credits network

Yeah simple as that

I think it is true, blockchain technology can be applied in various business sectors since it makes the job more efficient and safe some money.

Yup I get what you are trying to say and that's not wrong too. Because of that, any service based on smart contracts allows its users, such as you and him to automate the transfer of funds from one owner to another when certain conditions are met. The payment is made automatically when the buyer receives the goods delivered by logistics providers, as the smart contract’s terms are immutable and stipulate instant execution.

Obviously technology will be leading here. There's a lot of technologies that can be used and I don't think the Blockchain technology will be left out

So about the Credits and Alibaba collaboration. Can it solve the problem of transparency of the delivery process and its conditions?

Yuli Bai commented that there are many aching problems in logistics atm. And quoting from what Yuli Bai, CEO of the Lenovo New Vision saying,
"Here you can see one of the greatest value of blockchain. The supply chain is the best use case for that, The combination of traceability, transparency, and accountability is the main reason why blockchain enhances the industry. Companies can get a real competitive advantage by using technology. The mass implementation is just a matter of time"

I didn't understand what Yuli means. Will Lenovo be the first company to integrate these solutions? How will it change the logistics industry?