News E-Commerce Giant JD to Launch Blockchain-as-a-Service Platform - CoinDesk

E-Commerce Giant JD to Launch Blockchain-as-a-Service Platform – CoinDesk

-

- Advertisment -

Chinese e-commerce giant JD.com has today unveiled a white paper detailing its next big step into the blockchain industry.

Drawn up by JD’s blockchain technology and application center, the white paper outlines a variety of verticals that the firm will target with the launch a new blockchain-as-a-service (BaaS) platform.

JD’s BaaS service will provide blockchain tools for developing apps in areas such as supply chain data tracking; public services, such as government taxation and authenticating charity donations; financial settlement and securities remittance; fraud prevention in insurance; and big data security.

“JD is actively building and opening up its own BaaS platform in bid to let the government, logistic industry, financial institutions and other enterprises to launch blockchain applications,” the white paper states.

The document release comes on the heels of JD.com’s previous announcements in the space. Early this month, it revealed a blockchain system for tracking beef imports from Australia. The firm also recently launched a blockchain accelerator program to help blockchain startups scale up their applications via integrations with JD’s business lines.

The effort also comes amid moves by other major Chinese companies into the blockchain industry. As reported by CoinDesk, internet giants Baidu and Tencent have both launched BaaS platforms in the last year.

JD.com image via Shutterstock


The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Make Fast and Secure Trades Using Bitengo.io

Bitengo.io is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...
- Advertisement -E-Commerce Giant JD to Launch Blockchain-as-a-Service Platform - CoinDesk

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...

Must read

Make Fast and Secure Trades Using Bitengo.io

Bitengo.io is a Cryptocurrency trading platform that...
- Advertisement -E-Commerce Giant JD to Launch Blockchain-as-a-Service Platform - CoinDeskE-Commerce Giant JD to Launch Blockchain-as-a-Service Platform - CoinDesk

You might also likeRELATED
Recommended to you