E-commerce giant JD will launch a blockchain platform

Chinese e-commerce giant JD.com today published a detailed technical description of its new development in the blockchain industry. The project whitepaper, developed by JD's technology department, describes the various goals of the new blockchain-as-a-service platform.

JD's "Blockchain as a Service" will provide the means to develop applications in areas such as supply chain data tracking, government taxation and charitable donation authentication, financial settlement and securities transfer, insurance fraud prevention, and large data security.

"JD's platform will enable government, logistics companies, financial institutions and other enterprises to use applications based on blockchain technology," it said in a document earlier this month.

Earlier this month the company launched an application based on blockchain technology to track beef imports from Australia. This application allows you to track where the goods are located and whether all necessary documents for the goods have been provided at each point along the route. The common database is provided with access to all participants in the supply process, including customs authorities. Thanks to blockchain technology, such data is available in real time, technical errors with documentation are eliminated and the tracking process is simplified.

In addition to JD, two more large Chinese Internet companies launched the Blockchain as a Service platform: Baidu and Tencent.

According to https://www.coindesk.com