Blockchain in Aisle 5!
China’s largest online retailer, JD.com, has launched a blockchain technology platform “to help enterprise customers build, host and use their own blockchain applications for more secure, transparent and convenient operations management,” according to its press release.
What can you do with this Retail as a Service (RaaS)? If you are a customer you can “create and adjust smart contracts on public and private enterprise clouds” while streamlining procedures such as tracking and tracing the movement of goods, among other functions.
If you are China Pacific Insurance Company, you’re the first company to use this JD.com platform. CPIC is using it for tracing e-invoices, or “fapiao,” which are the official receipts required in China for business.
And if you are another company eyeing China or elsewhere for your blockchain products, this line will give you pause: “JD will work with software companies and certificate authorities home and abroad to explore the application of blockchain in their businesses, such as enterprise resource planning.”