Alibaba Cloud Announced New Blockchain-based Solutions for Luxury Goods Blockchain

Alibaba Cloud Announced New Blockchain-based Solutions for Luxury Goods

April 12, Alibaba Cloud issued a new industrial solution to develop a blockchain-based tool forTmall’s Luxury Pavilion platform to track the origin and supply chain of the luxury goods. It is also the first blockchain-based application use case in the luxury e-commence area. With the technical support from Alibaba Cloud, Tmall’s Luxury Pavilion platform is able to integrate the data of raw material manufacturing, transportation process and marketing process, then record these information in a blockchain. Every single piece of information has a unique blockchain “ID card”, with the digital signature and time stamp for consumers to verify. Consumers could get corresponding...
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7 Chinese Blockchain Medias Announced Funding In March Blockchain

7 Chinese Blockchain Medias Announced Funding In March

According to the report on iresearch, from March 1 to March 9, there are seven blockchain medias announced close of funding rounds. “We need 5 chief editors, 20 news editors, 5 media commissioners, 18 community managers, and 12 copywriters. The starting salary is 10,000 yuan and there is no hard cap.” This is a latest job advertisement from a blockchain vertical media. “Blockchain media is now looking for talent, including editors, reporters, operations, and technology.” A former traditional media person who has already joined blockchain media told reporters. The rise of blockchain media is accompanied with blockchain training. Online courses...
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China’s E-Commerce Giant JD Releases Blockchain White Paper Blockchain

China’s E-Commerce Giant JD Releases Blockchain White Paper

China’s e-commerce giant JD.com unveiled a 50-page blockchain white paper, titled “ JD Blockchain Technology Practice White Paper(2018)”on March 22 , which outlines features, technical structure, and application scenarios of JD Blockchcian. According to the document, the Nasdaq-listed company has launched its blockchain initiatives in full swing since 2016, and has deployed blockchain solutions in five key areas, including supply chain, finance, insurance fraud prevention, big data security, and public service. Pei Jian, Vice President of JD who heads the recently-established data platform and product research and development department, said that JD truly needs blockchain solutions, because this technology promises to solve many thorny issues...
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Shoucheng Zhang: AI Suits Best With Decentralized Data Market Driven By Blockchain Blockchain

Shoucheng Zhang: AI Suits Best With Decentralized Data Market Driven By Blockchain

25 March Shenzhen- The 2018 China IT Leader Summit was held in Shenzhen as reported by Lieyun. Shoucheng Zhang, Standford University professor and Founding Chairman of Danhua Capital, and academics from China Academy of Sciences and the US National Academy of Sciences, delivered a keynote speech titled “Quantum Computing, Artificial Intelligence, and Blockchain.” He believed that the most valuable data come from the combination of AI and blockchain. Zhang Shoucheng also stated that although AI has undergone rapid changes, it is still in a very early stage and the future is still very promising.   Zhang believed that AI at current...
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Huawei’s Blockchain Ambition: A $ 8.5 Billion Market Blockchain

Huawei’s Blockchain Ambition: A $ 8.5 Billion Market

China’s telecoms giant and smartphone maker Huawei announced to launch a blockchain-based open-source platform at the China Ecosystem Services Partnership Conference 2018. A Bao Association, a mutual assistance community powered by BCS (Blockchain Service). A Bao Association would invite parties including “business platform, assessment agency, escrow agent, third-party payment platform and regulatory authority” to get involved. Each member of the association is an independent client of Huawei cloud and connected to form the mutual assistance community. According to the agreement of the association, users could get guarantee in medicare, health or accident with a voluntary payment of 9 yuan. Huawei is...
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China’s PBoC Institute Launches First Blockchain-based Registry Platform Blockchain

China’s PBoC Institute Launches First Blockchain-based Registry Platform

China Banknote Blockchain Technology Research Institute, a research institute under the People’s Bank of China (PBoC), has launched a blockchain-as-a-service (BaaS) platform for registry. It is the first BaaS platform issued by China’s central bank, which shows a positive attitude from Chinese government in promoting the development of this emerging Fintech. On 26th of March, the research institute presented its Blockchain Registry Open Platform (BROP) at the Global Financial Science and Technology Summit in Hangzhou, according to Securities Times. The new BROP platform is aimed to store statistics of digital identity, credit data and digital credentials to provide verifiable and supervised...
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A 1,000 Yuan Blockchain Business License Now Hyped Up To 100,000 CNY Blockchain

A 1,000 Yuan Blockchain Business License Now Hyped Up To 100,000 CNY

It is reported that some people can still find their way to the bitcoin industry and earn a full bucket in the recent bitcoin sluggish, such as providing ICO Whitepaper ghostwriting service and assisting in getting business license for blockchain enterprises. While Alibaba’s Taobao has recently removed all ICO whitepaper ghostwriting services for blockchain projects. That said, sophisticated Chinese businessman can always find a ghostwriter if they want. For these blockchain-related business, a business license issued by the industry and commerce administration authorities that allow individuals or companies to conduct certain business is a must for their compliance operation. The ICO ban...
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Looking for A Cup of Real Dragon Well Tea? JD. Com is Managing Tea Supply Chain through Blockchain Technology Blockchain

Looking for A Cup of Real Dragon Well Tea? JD. Com is Managing Tea Supply Chain through Blockchain Technology

Longjing tea, also known as West Lake Dragon Well tea, is a variety of pan-roasted green tea from Hangzhou. It has topped the list of the ten most famous teas in China and also because of this, some dishonest businessmen pass shoddy goods off real longjing tea. Due to this phenomenon, JD. com, Chinese e-commerce giant, has decided to use blockchain based supply chain data tracking tools to enhance the transparency and ensure the authenticity of Longjing tea. March 28, the 2018 West Lack International Tea Culture Exposition opened in Hangzhou. The exposition was jointly hosted by Hangzhou Municipal Government,...
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Ali Denied MJB’s Connection With Blockchain, Android App Still Online Blockchain

Ali Denied MJB’s Connection With Blockchain, Android App Still Online

On 29 March, an app called Majibao (MJB) was shared by many bitcoiners in wechat moment. The app is believed to be the first public attempt by Taobao on tokenizing its loyalty system. Given the massive user group of taobao and the referral mechanism, the app was circulated fast. However, management executive from Ali Group denied the app and its connection with blockchain. Later the download link of the app was removed but the Android app is working normally. As the login requires account authorization from mobile taobao, the app is no doubt the product of Ali Group. The download link...
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China’s Sinochem Complete Gasoline Export Over Blockchain System With Government Effort Blockchain

China’s Sinochem Complete Gasoline Export Over Blockchain System With Government Effort

BEIJING April 2, 2018 – Chinese petrochemical giant Sinochem Group has successfully leveraged blockchain technology to conduct a gasoline shipment. Sinochem Group is a key state-owned enterprise and one of China’s four state oil companies, ranking 143rd in 2017 in the Fortune Global 500 list. The trial shipment was completed by the group’s subsidiary, Sinochem Energy Technology, and traveled from the Chinese city of Quanzhou to Singapore, reported by Xinhua on Monday. This is the world’s first blockchain application in energy trade with government involvement, and also marks the first time that essential parties in the run of staple commodity...
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