China’s largest retailer to launch a blockchain platform
China’s largest retailer JD.com will launch a new blockchain technology platform in order to help enterprise customers build, host and use their own blockchain applications for more transparent, secure and convenient operations management.
According to the official statement, JD Blockchain Open Platform is built on multiple underlying technologies, and enables customers to create and adjust smart contracts on public and private enterprise clouds with ease.
“The technology can help companies streamline operational procedures such as tracking and tracing the movement of goods and charity donations, authenticity certification, property assessment, transaction settlements, digital copyrights, and enhance productivity”.
The platform is designed with “one-click deployment” so it is accessible to enterprises even if they don’t have the capabilities to develop their own blockchain solutions.
The first JD partner is China Pacific Insurance Company (CPIC), which used the platform to deploy a traceable system for e-invoices.
“JD Blockchain Open Platform is a culmination of the expertise and experience in blockchain technology that we initially developed for our own operations, to provide more visibility to consumers… As we continue to open our technology and infrastructure up to other companies, we are pleased to have CIPC as our first blockchain platform customer,” Jian Pei, head of big data and smart supply chain at JD.com told.
Yanhong Pan, vice president and CFO of CPIC called JD an innovator in its field.
“We are confident its blockchain e-invoice system will create greater efficiency in our operations… Blockchain technology is transforming the way companies do business, and we are pleased to have found a great partner in JD to guide and help us along the way”.
JD is a pioneer in blockchain technology utilization. In 2017 the company introduced its blockchain tracing platform that enables customers to track and trace the source and development process of the products and food they purchase. It was also announced that JD will cooperate with software companies and certificate authorities home and abroad “to explore the application of blockchain in their businesses, such as enterprise resource planning”.