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Topic: Alibaba cooperates with new blockchain platform, Is this project worth following - page 8. (Read 1968 times)

newbie
Activity: 17
Merit: 0
Which type of blockchain is more secure to use ? centralized or decentralized ?
I think decentralized blockchain is more secure because on decentralized blockchain you can install software nodes as the guarantor of the data's safety and validity
Yes and also, the human factor in data corruption is common in centralized systems, thus rendering them vulnerable to error. In other side the decentralized system exclude the human factor altogether as the data entered in the blockchain cannot be changed and is received directly from tethered devices
sr. member
Activity: 1190
Merit: 267
Undeads.com - P2E Runner Game
of course it will affect the crypto market because China is one of the biggest holders in crypto, whether it's bad or good.
which will definitely give a change.
and I'm also curious about how much influence Libra will have on the crypto world.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
One of the things this space needs is massive adoption into either already existing projects or otherwise; from this news, it shows blockchain is still being recognised as a good technology worth using. So yes, it will have a positive effect on the Chinese government's stand on cryptocurrencies at least it will make them have a different view about blockchain since one of the largest e-commerce company is working on using it. In the same way, for the other crypto communities, it will also have a big and positive impact as well.
newbie
Activity: 17
Merit: 0
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.
newbie
Activity: 17
Merit: 0
Talking about the partnership between Credits and Alibaba, how does this new system works?
This system starts with the special sensors being installed inside the shipping container. Because it was installed, it will be able to monitor the temperature inside the container along with other data and then the data will be stored on the blockchain network and sent to customer support service application. It requires the information about the state of temperature inside the container that always be updated. And not just the temperature, the sensors can also record other indicators.
newbie
Activity: 7
Merit: 0
Talking about the partnership between Credits and Alibaba, how does this new system works?
hero member
Activity: 1498
Merit: 785
developments involving blockchain have become too mainstream and from year to year the projects that carry out these developments also don't last long. in my opinion it is not a benchmark that the market or country of China will get a big influence. if the profit is large from a related company, maybe it is and maybe the goal is like that
Alibaba is the largest e-commerce company in China with worldwide coverage. It is not impossible if Alibaba adopts the blockchain and makes a new system the project will be successful.
The project is worth following and supported, Alibaba will develop new projects by adopting the blockchain.
member
Activity: 812
Merit: 11
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
sr. member
Activity: 1652
Merit: 262
developments involving blockchain have become too mainstream and from year to year the projects that carry out these developments also don't last long. in my opinion it is not a benchmark that the market or country of China will get a big influence. if the profit is large from a related company, maybe it is and maybe the goal is like that
member
Activity: 663
Merit: 10
https://streamies.io/
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 really good news for blockchain believers in China. In fact, blockchain technology has been widely used in European countries in logistics and it actually works quite effectively. This is just one of the must-have steps in the future of the potential blockchain market. I can predict that after 10 years, service or retail businesses will need to use blockchain technology so that everything can be deployed faster and save more labor.
newbie
Activity: 7
Merit: 0
Which type of blockchain is more secure to use ? centralized or decentralized ?
I think decentralized blockchain is more secure because on decentralized blockchain you can install software nodes as the guarantor of the data's safety and validity
full member
Activity: 686
Merit: 101
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.
newbie
Activity: 7
Merit: 0
Which type of blockchain is more secure to use ? centralized or decentralized ?
newbie
Activity: 7
Merit: 0
I saw at https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585, I just want to asking, how big is the impact of the smart payment service to us as the customers ?


I think it's really helpful for us, smart payment service provide safe transactions between us (as the buyer or seller). So we don't have to worry (again) when we have to do a transaction, that's one of the best innovations I ever seen
hero member
Activity: 2128
Merit: 520
this will be big news ...
Alibaba is a large company from China and has a large business unit. I'm sure the project will have a big impact. what's more now that China has supported the blockchain project, this could become a new force in the cryptocurrency market later. I can't wait for the project to be truly released.

Maybe Alibaba will use the technology blockchain but that doesn't mean they will jump into the cryptocurrency market because they already have their own payment method, Alipay. Blockchain has become a technology that will be used by large companies and I think it is not surprising if Alibaba uses blockchain to secure their data, it will be a surprise if Alibaba releases its own cryptons
True, same with their President mentioning blockchain and maximizing the use of this technology but did not talk directly about cryptocurrency.
It will bring impacts if more news regarding to this information will spread out and keeps on attaching crypto and not only blockchain. Adoptions
might also take place when people around this business will see the actual helps of crypto since it was made inside blockchain.
sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
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?
Any majorly big corporations that have made the decision to support blockchain and cryptocurrency technology is an good move for the crypto space. This means cryptocurrency is finally getting its long overdue respect and adoption as being an innovative and beneficial technology.
newbie
Activity: 5
Merit: 0
this will be big news ...
Alibaba is a large company from China and has a large business unit. I'm sure the project will have a big impact. what's more now that China has supported the blockchain project, this could become a new force in the cryptocurrency market later. I can't wait for the project to be truly released.

Maybe Alibaba will use the technology blockchain but that doesn't mean they will jump into the cryptocurrency market because they already have their own payment method, Alipay. Blockchain has become a technology that will be used by large companies and I think it is not surprising if Alibaba uses blockchain to secure their data, it will be a surprise if Alibaba releases its own cryptons
Yeah I think so, nowadays it's such a normal thing to see the big company such as Alibaba using blockchain technology, even Samsung now released
Samsung Blockchain Keystore which is a blockchain-based system that implemented to their phones. It's just about the time to see the whole big company using blockchain technology. But I think, with this collab with Alibaba, it's a big improvement for credits to prove them they can make a relationship with a big company and maybe with this, the credits price will go higher.
newbie
Activity: 12
Merit: 0
I fail to see what project you mean. If it is Alibaba, then it is no news as they are already utilizing blockchain technology. It won't matter much to the crypto space though as its not placing a use case for cryptocurrency

the point is, they collaborate with Credits who have solutions to problems regarding transparent delivery processes and conditions. On this website https://www.alibabacloud.com/blog/new-solution-for-third-party-logistics_595584 there is information about what they are working on together, you can also read it under the subtitles "The Credits Blockchain and Alibaba Cloud Based Solution ".
newbie
Activity: 17
Merit: 0
I saw at https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585, I just want to asking, how big is the impact of the smart payment service to us as the customers ?


It gives us customers a big impact, let me give you an example. Lets just say that I want to order a product from you who lives on the other end of the world. This transactions need intermediaries capable of carrying out the delivery and ensuring its safety and integrity, yeah? So the problem is theres a lack of trust between the parties involved. Thats why Alibaba and Credits partnered up to develop this Smart Payment Service. It can reliably provide safe transactions between the seller and the buyer as part of the express delivery service provided by logistics providers
Yup I get what you are trying to say and that's not wrong too. Because of that, any service based on smart contracts allows its users, such as you and him to automate the transfer of funds from one owner to another when certain conditions are met. The payment is made automatically when the buyer receives the goods delivered by logistics providers, as the smart contract’s terms are immutable and stipulate instant execution.
newbie
Activity: 17
Merit: 0
I saw at https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585, I just want to asking, how big is the impact of the smart payment service to us as the customers ?


It gives us customers a big impact, let me give you an example. Lets just say that I want to order a product from you who lives on the other end of the world. This transactions need intermediaries capable of carrying out the delivery and ensuring its safety and integrity, yeah? So the problem is theres a lack of trust between the parties involved. Thats why Alibaba and Credits partnered up to develop this Smart Payment Service. It can reliably provide safe transactions between the seller and the buyer as part of the express delivery service provided by logistics providers
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