Alibaba introduced new e-commerce platform T-Mall, based on blockchain technology in partnership with the logistics company Cainiao.
Read more here: T-Mall Auction from Alibaba Uses Blockchain to Track the Goods
Green market soon?
The green market will be in any case, the question is only when. Another thing is how it will affect this proposed news. As we know China has always been an influential factor regarding bitcoin and other cryptocurrencies. Perhaps this news will also have a positive impact on the market as a whole. Let's hope for the best.
So is Alibaba already using blockchain in their e-commerce platform since it's been months that had passed? Or still in the development stage? Ali alone will not give huge impact regarding bitcoin's price but a good indication that another giant company is utilizing the blockchain, which will create demand in the market. More of these giant companies and we are heading in the good direction to recovery.