The largest retailer in China, JD.com, is launching a brand new Blockchain technology platform developed for clients who have had issues with the past platforms. Reported on the company’s official blog on August 17, JD’s platform will be ideal for its enterprise clients to build, host and use Blockchain applications securely, conveniently and conduct transparent operations.
About JD Blockchain Open Platform
The idea of JD platform is to introduce a Blockchain tracing platform that allows clients to trace the source and development of food and other products that they purchase. The tracing platform was initially launched and implemented across over four hundred brands of products, a success that encouraged the launch of this open platform. With the Blockchain Open platform, clients and companies can now trace streamlined procedures such as movement of goods, donations to charity, certification of authenticity, property assessments, copyrights, settlement of transactions all to enhance overall productivity.
This new platform is also an expansion of the JD strategy called Retail as A Service, where the company had opened its advanced technologies and infrastructure to industries and companies. The open platform utilizes a “one-click deployment” giving the clients access to the application and its services. The platform also offers Independent Software Vendors, which will allow JD to implement stringent controls on quality over the services provided by the app, and users can customize their applications to fit their needs safely and conveniently.
China Pacific Insurance Company (CPIC) is the first company to partner with JD on the new Blockchain Open Platform to provide traceable systems for online invoices called ‘fapiao’ – the official business receipts in China. The Platform has strengthened security governance over official invoices by providing Blockchain receipts with different identity numbers which successfully increases the efficiency of online business accounting.
Benefits of the JD Blockchain Platform
First, the platform has provided its business clients with a safe and convenient way to track online payments and receipts as required by laws in China. The online receipts are safe and guarded with tracking IDs that can be traced and protected on the internet.
The platform will also enable customers and companies to monitor developments and movements of foodstuffs and supplies. That means the platform allows clients and businesses unable to create their platforms or have their Blockchain enjoy the perquisites of the revolutionizing technology.
JD has been a pioneer in advancing and changing the way business is done through technology and affordable online platforms. This Blockchain Open Platform is no exception. It has benefited individuals and companies alike by opening their Retail as a Service and Blockchain services to enable businesses to function more efficiently.