Topic: Alibaba cooperates with new blockchain platform, Is this project worth following - page 11. (Read 1949 times)
December 06, 2019, 04:03:44 AM
Woow, at least a good news in the midst of exit scam and hack rocking this space since last week. I think this will bring more light to this space, at least people will know that there are good things about this space not all the bad things they have heard. We clamour for real uses here it is coming to being and with more of this there will be a new orientation in this space, one which will make developers and team to be serious. Time to know more about this credit blockchain though.
December 06, 2019, 03:48:11 AM
I'm still curious, what kind of works that Credits and Alibaba provide to solve the logistic problem? And how it works?? Anyone can explain more about it?
December 06, 2019, 03:39:18 AM
Surely this is a very positive step for alibaba and china itself. In addition, their government is indeed developing its own blockchain.
An impact in the world of crypto certainly exists but not too large. The hope is that with the introduction of the blockchain through alibaba or DCEP later, there will be lay people who continue to learn about the blockchain and surely that learning will lead to the crypto world as well. In the end, they will try to invest in crypto itself.
An impact in the world of crypto certainly exists but not too large. The hope is that with the introduction of the blockchain through alibaba or DCEP later, there will be lay people who continue to learn about the blockchain and surely that learning will lead to the crypto world as well. In the end, they will try to invest in crypto itself.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
December 06, 2019, 03:12:56 AM
The first thing I liked about this announcement is that this space is constantly gaining attention irrespective of all that has been said and/or labelled the crypto space to be. Secondly, this is a good move although it has been a while I read anything about credits blockchain, but however it shows real world use is coming up and therefore if properly managed will bring more exposure to this space.
It's the blockchain system that got the spotlight though. Meanwhile, cryptos will remain under the government's restriction in China and it's not going to be resolved anytime soon. Although I do agree that the blockchain system has now recognized to be useful and with all these big corporations trying to implement the system for various use and it could probably contribute to the development of blockchain system. 
December 06, 2019, 02:49:22 AM
The first thing I liked about this announcement is that this space is constantly gaining attention irrespective of all that has been said and/or labelled the crypto space to be. Secondly, this is a good move although it has been a while I read anything about credits blockchain, but however it shows real world use is coming up and therefore if properly managed will bring more exposure to this space.
December 06, 2019, 01:56:53 AM
about the Lenovo CEO who commented on that (https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585), basically if the US-China cooperation on the price of Lenovo products last August, it greatly affected the Chinese government, because if Lenovo products were marketed well then it would be an advantage for China as well, especially with Lenovo also cooperating with credits which have obviously been developed lately.
December 06, 2019, 12:10:53 AM
Yuli Bai commented that there are many aching problems in logistics atm. And quoting from what Yuli Bai, CEO of the Lenovo New Vision saying,
"Here you can see one of the greatest value of blockchain. The supply chain is the best use case for that, The combination of traceability, transparency, and accountability is the main reason why blockchain enhances the industry. Companies can get a real competitive advantage by using technology. The mass implementation is just a matter of time"
I didn't understand what Yuli means. Will Lenovo be the first company to integrate these solutions? How will it change the logistics industry?
"Here you can see one of the greatest value of blockchain. The supply chain is the best use case for that, The combination of traceability, transparency, and accountability is the main reason why blockchain enhances the industry. Companies can get a real competitive advantage by using technology. The mass implementation is just a matter of time"
I didn't understand what Yuli means. Will Lenovo be the first company to integrate these solutions? How will it change the logistics industry?
December 06, 2019, 01:26:12 AM
Wait, are they using the same ecosystem as Credits as well or did they just took their code to build this on? It's a huge difference. I guess i have to take a second look at Credits updates as i haven't followed them for a long time.
December 05, 2019, 11:01:50 PM
I think that it's a great decision and indeed it will have a positive effect for the Chinese Government because it will help their logistics industry in any way. And of course it will have a big impact for crypto communities, especially Credits. Because it will make them even bigger as a blockchain company
December 06, 2019, 12:48:21 AM
I think that it's a great decision and indeed it will have a positive effect for the Chinese Government because it will help their logistics industry in any way. And of course it will have a big impact for crypto communities, especially Credits. Because it will make them even bigger as a blockchain company
Though I am not familiar with Credits project, but I think this development is really good in crypto in general. Considering the market that Alibaba is covering, and the logistics problem that they want to address, I guess both parties will benefit from this project. Alibaba's savings from their logistics operations will be huge when they implement this system.
December 05, 2019, 10:51:38 PM
The impact will happen to the alibaba and chinese government will not get any impact caused by that partnership. As you can see credits blockchain will have used as a core to build a smart payment system.
Remember about alibaba has already partnered with some crypto project in the past and that doesn't give any impact to the crypto or even project itself.
We must see from the track record of the partnership that has already made by alibaba in the past, did it give a lot of impacts or not?
Sometimes even a big partnership gives nothing and the price of credits goes down even more.
Remember about alibaba has already partnered with some crypto project in the past and that doesn't give any impact to the crypto or even project itself.
We must see from the track record of the partnership that has already made by alibaba in the past, did it give a lot of impacts or not?
Sometimes even a big partnership gives nothing and the price of credits goes down even more.
December 05, 2019, 02:54:12 PM
I just saw their official announcement here https://www.alibabacloud.com/blog/new-solution-for-third-party-logistics_595584 and https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585
The important point that I got is the business model being employed under the 3PL approach includes the use of low-cost and versatile frequency sensors that would be installed inside Shipping Containers to monitor their movements and status via the immutable Credits blockchain database.
And the use of the Smart Payment Service based on the combined Alibaba Cloud and Credits blockchain platforms is a solution that is currently being implemented by the companies in the Chinese market. The Credits blockchain provides secure transactions between the parties to the delivery process and logistics providers, such as DHL.
What do you think about this guys? Will it have a positive effect on the Chinese government regarding cryptocurrencies and blockchain technology? Or even have a big impact on other crypto communities?
The important point that I got is the business model being employed under the 3PL approach includes the use of low-cost and versatile frequency sensors that would be installed inside Shipping Containers to monitor their movements and status via the immutable Credits blockchain database.
And the use of the Smart Payment Service based on the combined Alibaba Cloud and Credits blockchain platforms is a solution that is currently being implemented by the companies in the Chinese market. The Credits blockchain provides secure transactions between the parties to the delivery process and logistics providers, such as DHL.
What do you think about this guys? Will it have a positive effect on the Chinese government regarding cryptocurrencies and blockchain technology? Or even have a big impact on other crypto communities?
Jump to: