Alibaba cooperates with new blockchain platform, Is this project worth following - page 6.

Josh_Emannuel

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Quote from: Pietro99 on December 13, 2019, 09:05:26 AM

We all know that crypto is hype right now. Even if its hype it still need something new for it isn't it?
So what do you guys think that the crypto world or crypto community needs at the moment?

I think that crypto needs more awareness and adoption but it is kinda hard for those who are not open to embracing this kind of technology

jordanball

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Quote from: Pietro99 on December 13, 2019, 09:05:26 AM

We all know that crypto is hype right now. Even if its hype it still need something new for it isn't it?
So what do you guys think that the crypto world or crypto community needs at the moment?

precisely because they are new and brave to work with large companies like alibaba they will slowly be well known. moreover, alibaba is one of the biggest companies in china (even asia) it will attract more new people that interest to this blockchain thing.

Pietro99

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We all know that crypto is hype right now. Even if its hype it still need something new for it isn't it?
So what do you guys think that the crypto world or crypto community needs at the moment?

kanayaTabitha

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Quote from: Casdinyard on December 13, 2019, 04:21:14 AM

Considering Alibaba as a huge name while trusting Credits for collaboration then it could be something. All I know about Credits is they aim to achieve the 1 million transactions per second speed, though I don't know if they had achieve this but tbh this made Credits became successful in their ICO. And with that, we can anticipate the demand in CS token as so the value.

This may not have big impact on crypto community but definitely it will be on Chinese government. Let's see what will happen next.

But i'm afraid it won't make a good impact on crypto, right now china is so much incessant developing their own blockchain, and if they found something better than bitcoin and other cryptocurrency people will leave cryptocurrency and move to their self made blockchain which is bad for crypto market

MichaelMcDonald

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Quote from: skyheaven09 on 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?

That's great tho for the Chinese government especially in the Logistics Industry. But I dont think that is gonna have a big impact on the crypto community because even with this partnership, CS is still low on price

Casdinyard

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Leading Crypto Sports Betting and Casino Platform

Considering Alibaba as a huge name while trusting Credits for collaboration then it could be something. All I know about Credits is they aim to achieve the 1 million transactions per second speed, though I don't know if they had achieve this but tbh this made Credits became successful in their ICO. And with that, we can anticipate the demand in CS token as so the value.

This may not have big impact on crypto community but definitely it will be on Chinese government. Let's see what will happen next.

ohara.jessy

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Alibaba claimed the number one spot in WPP and Kantar’s annual ranking of China’s most valuable brands. The annual report awards ratings based on financial value, as well as the opinions of people who use and buy from brands. so shout out for credits that can do project together with this caliber of company!

nicolas1979

sr. member

Activity: 826

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Alibaba is creative and innovative company, they will take any opportunity as leader for on line business. I'm not surprise with their move even I hear sometimes they also gambling with high fund to get place as the main purposes ( not income ). If you're interesting with their project just follow their news from official web to know the progress. You also need to manage risk that could happen if you decide to join, famous company can fail also.

Roland.Ewing

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Quote from: larrywhite on December 13, 2019, 02:21:04 AM

Quote from: superstrength on December 12, 2019, 01:37:37 PM

Alibaba's cooperation with the new blockchain platform is extremely important. This project is worth watching and paying attention to. Business model being used under 3PL method is a good new model and very special. Wink

How does the 3PL method works on it?

The cycle of 3PL operations is quite simple to be fair. A company places a product for sale, the client selects the goods, orders the delivery of said goods, and the company turns to a logistics companies that undertakes the delivery of the product

larrywhite

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Quote from: superstrength on December 12, 2019, 01:37:37 PM

Alibaba's cooperation with the new blockchain platform is extremely important. This project is worth watching and paying attention to. Business model being used under 3PL method is a good new model and very special. Wink

How does the 3PL method works on it?

jcarlo

member

Activity: 798

Merit: 10

Quote from: skyheaven09 on 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 Chinese government is trying to adopt blockchain technology and they are already regulating it and I think big companies like Alibaba will definitely follow it. If there are some big companies like Alibaba adopting blockchain technology, I think this will affect the cryptocurrency ecosystem because China is now the largest economy in the world

Josh_Emannuel

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Quote from: JaimeLannister on December 12, 2019, 11:15:48 PM

Quote from: Josh_Emannuel on December 11, 2019, 11:29:07 AM

Quote from: JaimeLannister on December 11, 2019, 10:24:28 AM

So Credits and Alibaba partnered up together to develop a transparent blockchain powered Smart Payment Service. Is the process difficult to use for common people?

I think the process is not that difficult, even common people can do it. The whole process kinda looks like this :
1. Sign up an account on Alibaba Cloud
2. Get an access to virtual computing environment that includes the CPU, memory, OS, bandwidth, disks, and other basic computing components in the Elastic Compute Service
3. Install git on Alibaba Cloud instance
4. Install Credits node software
5. Set up environment variables
6. Connect your application to Credits network

Yeah simple as that

What does Elastic Compute Service do for the system?

What I know is that ECS is an online computing service that offers elastic and secure virtual cloud servers to cater all your cloud hosting needs, it provides fast memory and help you to power your cloud app and achieve faster results with low latency

awik p

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Pepemo.vip

Quote from: BitcoinTurk on December 12, 2019, 01:50:37 PM

Alibaba is a huge procurement and e-commerce service that is used both locally by China and globally. For this reason, it is clear that any kind of innovation will make a difference. Therefore, it is important to follow the developments in the field of blockchain chain technologies. Although the Chinese government, which is headquartered, will force or prevent some conditions, I think that this company will do a successful job and will be the pioneer of its sector in this field. Therefore, I think that the relevant news should be followed.

I agree. especially companies that are well-known and tested for their products. of course it will be easier for marketing, especially if you already have a large community. so don't be surprised if there will be many investors waiting for them to look for projects that are safer and profitable

JaimeLannister

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Quote from: Josh_Emannuel on December 11, 2019, 11:29:07 AM

Quote from: JaimeLannister on December 11, 2019, 10:24:28 AM

So Credits and Alibaba partnered up together to develop a transparent blockchain powered Smart Payment Service. Is the process difficult to use for common people?

I think the process is not that difficult, even common people can do it. The whole process kinda looks like this :
1. Sign up an account on Alibaba Cloud
2. Get an access to virtual computing environment that includes the CPU, memory, OS, bandwidth, disks, and other basic computing components in the Elastic Compute Service
3. Install git on Alibaba Cloud instance
4. Install Credits node software
5. Set up environment variables
6. Connect your application to Credits network

Yeah simple as that

What does Elastic Compute Service do for the system?

vicamour

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Quote from: lobo13hf on December 12, 2019, 06:22:47 AM

Quote from: Josh_Emannuel on December 11, 2019, 11:29:07 AM

Quote from: JaimeLannister on December 11, 2019, 10:24:28 AM

So Credits and Alibaba partnered up together to develop a transparent blockchain powered Smart Payment Service. Is the process difficult to use for common people?

I think the process is not that difficult, even common people can do it. The whole process kinda looks like this :
1. Sign up an account on Alibaba Cloud
2. Get an access to virtual computing environment that includes the CPU, memory, OS, bandwidth, disks, and other basic computing components in the Elastic Compute Service
3. Install git on Alibaba Cloud instance
4. Install Credits node software
5. Set up environment variables
6. Connect your application to Credits network

Yeah simple as that

that's really simple and common people can understand it easily. but the question is that feature can be used to do another transaction other than logistic transaction? the real expansion by credits to the chinese market looks a very big step and i glad to see the implementation has already started.

based on my opinion the smart payment service is still focused on logistics transaction for now but by seeing the benefit they provide, perhaps they will implement the technology to other industries in the future

ProteinBar

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Alibaba is an extremely famous and reputable brand. If Alibaba cooperates with the blockchain platform, this project is worth the attention of people. Follow that project right before you can. Wink

BitcoinTurk

hero member

Activity: 1666

Merit: 629

Alibaba is a huge procurement and e-commerce service that is used both locally by China and globally. For this reason, it is clear that any kind of innovation will make a difference. Therefore, it is important to follow the developments in the field of blockchain chain technologies. Although the Chinese government, which is headquartered, will force or prevent some conditions, I think that this company will do a successful job and will be the pioneer of its sector in this field. Therefore, I think that the relevant news should be followed.

KillerInk

newbie

Activity: 65

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These people will have a major impact on the Chinese government regarding cryptocurrencies and blockchain technology. even affect other currencies and more, will greatly affect the Chinese economy.

superstrength

newbie

Activity: 64

Merit: 0

Alibaba's cooperation with the new blockchain platform is extremely important. This project is worth watching and paying attention to. Business model being used under 3PL method is a good new model and very special. Wink

Josh_Emannuel

newbie

Activity: 17

Merit: 0

Quote from: lobo13hf on December 12, 2019, 06:22:47 AM

Quote from: Josh_Emannuel on December 11, 2019, 11:29:07 AM

Quote from: JaimeLannister on December 11, 2019, 10:24:28 AM

So Credits and Alibaba partnered up together to develop a transparent blockchain powered Smart Payment Service. Is the process difficult to use for common people?

I think the process is not that difficult, even common people can do it. The whole process kinda looks like this :
1. Sign up an account on Alibaba Cloud
2. Get an access to virtual computing environment that includes the CPU, memory, OS, bandwidth, disks, and other basic computing components in the Elastic Compute Service
3. Install git on Alibaba Cloud instance
4. Install Credits node software
5. Set up environment variables
6. Connect your application to Credits network

Yeah simple as that

that's really simple and common people can understand it easily. but the question is that feature can be used to do another transaction other than logistic transaction? the real expansion by credits to the chinese market looks a very big step and i glad to see the implementation has already started.

I dont think that it can do other transactions coz credits and alibaba partnered up to develop a blockchain system for Chinese logistics industry
So I think that it can only be used in logistics transactions. Plz correct me if im wrong tho

Topic: Alibaba cooperates with new blockchain platform, Is this project worth following - page 6. (Read 1949 times)