Chinese retailer JD.com is set to launch a new blockchain technology platform for enterprise customers to build, host and use their own blockchain applications.
The platform is expected to enable customers to create and adjust smart contracts on public and private enterprise clouds. Also, they can track and trace the movement of goods and charity donations, authenticity certification, property assessment, transaction settlements, digital copyrights, and enhance productivity.
The first JD partner to use the JD Blockchain Open Platform is China Pacific Insurance Co., which used it to deploy a traceable system for e-invoices, or "fapiao," the official receipts required in China for business.
Last year, JD.com had 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 has already implemented blockchain tracing for more than 400 brands and 11,000 SKUs on JD.com.
JD.com is also working with software companies and certificate authorities at home and abroad to explore the application of blockchain in their businesses, such as enterprise resource planning.
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