Alibaba cooperates with new blockchain platform, Is this project worth following - page 7.

CjMapope

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Quote from: skyheaven09 on December 05, 2019, 01:54:12 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?

This is a PRIME example of blockchain use case, honestly what a great idea. Alibaba is like the chinese Amazon too, they are super legit AFAIK
The chinese gov is moving more and more towards blockchain adoption, and shit like this definitally DOES have a positive effect on their view of the tech (and then BTC itself, not that they DONT like it NOW totally)
2020 watch for China or another country to announce something huge i bet. something thats been being built for years now :O some kinda DAO or some shit

cryp24x

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Oh Wow! This is great! Another big company vhooses blockchain technology on their system. This move really proves that people and companies really are adapting Blockchain Technology and Cryptocurrency on their systems. By doing this, they are making their life easier and their system more secured.

xanabonana

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Quote from: joshuabrown_ on December 12, 2019, 06:00:12 AM

So, how the smart payment service works? I still don't get it

So first the vendors create a smart contract in the smart payment service and the client will receive the smart contract and send the funds to the credits smart contract. Their funds still stored till the fulfillment of the delivery condition and then after the client receive the package and sign the acceptance invoice, the stored money will be transferred to the vendors by blockchain.

jordanball

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Quote from: Roland.Ewing on December 12, 2019, 06:51:06 AM

Quote from: StephenieDuong on December 11, 2019, 08:55:23 AM

This cooperation is a positive news to blockchain and crypto, a big company like Alibaba will make blockchain become more popular and more useful in real life. This project is really worth to follow, but not to invest in. Right now, this project still under control of China goverment and they can shut this project down anytime they want. I suggest to follow this project technology and do not invest this moment.

Why do you suggest not to invest this moment at time? Isn't it a promising project from Credits?

Yes, why don't you invest now? I'm sure this is a promising project. Maybe this is just their first step (in collaboration with several large companies) could be in the future they will cooperate with other company companies in order to expand the blockchain wing again

Roland.Ewing

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Quote from: StephenieDuong on December 11, 2019, 08:55:23 AM

This cooperation is a positive news to blockchain and crypto, a big company like Alibaba will make blockchain become more popular and more useful in real life. This project is really worth to follow, but not to invest in. Right now, this project still under control of China goverment and they can shut this project down anytime they want. I suggest to follow this project technology and do not invest this moment.

Why do you suggest not to invest this moment at time? Isn't it a promising project from Credits?

joshuabrown_

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So, how the smart payment service works? I still don't get it

lobo13hf

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Quote from: Josh_Emannuel on December 11, 2019, 10:29:07 AM

Quote from: JaimeLannister on December 11, 2019, 09:24:28 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.

Josh_Emannuel

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Quote from: JaimeLannister on December 11, 2019, 09:24:28 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

ardentvolcanoes

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Quote from: StephenieDuong on December 11, 2019, 08:55:23 AM

This cooperation is a positive news to blockchain and crypto, a big company like Alibaba will make blockchain become more popular and more useful in real life. This project is really worth to follow, but not to invest in. Right now, this project still under control of China goverment and they can shut this project down anytime they want. I suggest to follow this project technology and do not invest this moment.

Project like this will also exposed the potentials of regulating crypto if in case they are planning to have a integrations after adopting blockchain system to
their business. We know how keen Chinese government in terms of controlling businesses. It's a good sign for more exposures since crypto is being noticed
all around the world, Blockchain will be the deliverer of many businesses to embrace cryptocurrencies.

sazonk

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Quote from: skyheaven09 on December 05, 2019, 01:54:12 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?

Cooperation between Alibaba and China is a political manipulation for profit. Where at this time as is known the rampant application of blockchain technology in China, China is working hard so that their crypto creation can be a very necessary thing. That is one of the ways in China to boost blockchain technology that they have adopted to be applied to big markets like alibaba because if China follows competition in the crypto world with other crypto it is very minimal. And they will not get much benefit from it. That's why they are working with alibaba. Here I highlight is the blockchain technology that has been run by China. And this will certainly have an impact on the development of the altcoin market in general, although in the past alibaba had tried to integrate altcoin in their trading system and that had no effect on the development of altcoin, but here I see an ambitious role of China.

JaimeLannister

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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?

StephenieDuong

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This cooperation is a positive news to blockchain and crypto, a big company like Alibaba will make blockchain become more popular and more useful in real life. This project is really worth to follow, but not to invest in. Right now, this project still under control of China goverment and they can shut this project down anytime they want. I suggest to follow this project technology and do not invest this moment.

samcrypto

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Quote from: setialovers on December 09, 2019, 07:56:18 PM

Quote from: aamirsuh on December 09, 2019, 03:18:32 PM

Why does Alibaba partner? Jack Ma himself can develop new blockhain. Computer engineers can work on this issue. A partnership can be made. However, I interpret this situation differently. I think that only Alibaba.com's name is being advertised.

In my opinion, blockchain technology can be applied in various business sectors including the retail sector because it is more secure in data storage. Using blockchain technology does not mean that Alibaba will publish its own cryptocurrency because blockchain technology could only be applied in their applications to secure the transaction data they have

They don’t know the exact reason why but its good that they adopt a blockchain instead of creating their own and maybe, they want to work with that company and later on be the owner as well. Jack Ma has the capability to do what he wants, he’s a billionaire but since China is still the boss of Alibaba they have to create a decision that will be in favor to them and to China as well.

jordanball

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Quote from: SummerBliss on December 10, 2019, 06:42:43 AM

Quote from: skyheaven09 on December 05, 2019, 01:54:12 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?

I think slowly every corporate would be willing to enter the blockchain world using some tactics. This is Alibaba's try, we have already heard facebook's libra to enter the arena slowly you would see companies like Amazon, Google and Apple entering this world too. These would be real ICOs which could revolutionize the whole world and bring the world over blockchain. I think all these projects are worth following. Due to the great strength in blockchain technology a lot of investors will be wiling to invest in these projects too.

i don't know but from my point of view it is Credits who wants to spread its wings to various industrial lines. They collaborate with various industries, such as mining company IVHIMPROM, LENOVO & IBM computers, and even e-commerce ALIBABA. but I also don't reject your opinion that alibaba wants to enter this field, so let's continue to support the blockchain platform.

Roland.Ewing

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Quote from: joshuabrown_ on December 10, 2019, 10:51:07 AM

Do you guys think with the collaboration of the Credits and Alibaba it will bring a massive impact to industry?

Yes it will bring a huge impact to the industry, especially for the Chinese government because it makes it easy for them in the logistics industry

vicamour

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Quote from: joshuabrown_ on December 10, 2019, 10:51:07 AM

Do you guys think with the collaboration of the Credits and Alibaba it will bring a massive impact to industry?

yes I think,, especially in the logistics industry, with the collab between credits and Alibaba they will make a new innovation to solve the shipping problem and also provided smart payment service. I think that's clear to see the benefit that credits and Alibaba provide.

joshuabrown_

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Do you guys think with the collaboration of the Credits and Alibaba it will bring a massive impact to industry?

mamahdedeh

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Quote from: SummerBliss on December 10, 2019, 06:42:43 AM

Quote from: skyheaven09 on December 05, 2019, 01:54:12 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?

I think slowly every corporate would be willing to enter the blockchain world using some tactics. This is Alibaba's try, we have already heard facebook's libra to enter the arena slowly you would see companies like Amazon, Google and Apple entering this world too. These would be real ICOs which could revolutionize the whole world and bring the world over blockchain. I think all these projects are worth following. Due to the great strength in blockchain technology a lot of investors will be wiling to invest in these projects too.

loyal community that already exists on alibaba, will certainly help the ICO that they will carry out, by reaching it in the crypto world, meaning they see crypto opportunities for the future, of course we look forward to attractive promos that will be at the beginning of their journey to the world of the blockchain. lucky for us who already know blockchain, so they can quickly take advantage of this opportunity later

ohara.jessy

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Quote from: Josh_Emannuel on December 10, 2019, 12:07:57 AM

Quote from: setialovers on December 09, 2019, 07:56:18 PM

Quote from: aamirsuh on December 09, 2019, 03:18:32 PM

Why does Alibaba partner? Jack Ma himself can develop new blockhain. Computer engineers can work on this issue. A partnership can be made. However, I interpret this situation differently. I think that only Alibaba.com's name is being advertised.

In my opinion, blockchain technology can be applied in various business sectors including the retail sector because it is more secure in data storage. Using blockchain technology does not mean that Alibaba will publish its own cryptocurrency because blockchain technology could only be applied in their applications to secure the transaction data they have

I think it is true, blockchain technology can be applied in various business sectors since it makes the job more efficient and safe some money.

moreover, on credits, it is a blockchain platform that offers an out-of-the-box, full-scale solution like loyalty programs for example either large and small merchants.

SummerBliss

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Quote from: skyheaven09 on December 05, 2019, 01:54:12 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?

I think slowly every corporate would be willing to enter the blockchain world using some tactics. This is Alibaba's try, we have already heard facebook's libra to enter the arena slowly you would see companies like Amazon, Google and Apple entering this world too. These would be real ICOs which could revolutionize the whole world and bring the world over blockchain. I think all these projects are worth following. Due to the great strength in blockchain technology a lot of investors will be wiling to invest in these projects too.

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