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JD.com Launches Business Blockchain

JD.com Launches Business Blockchain


JD.com Launches Business Blockchain

E-commerce mammoth JD.com has launched a framework for enterprises based on blockchain. Dubbed JD Chain, this open platform is built to allow businesses to leverage pre-built application programming interfaces (APIs) to improve their own functions.

Complemented by the JD Chain Open Source Community to promote wider discussions and sharing of resources among blockchain developers and enterprise users, this launch is set to show the way forward for Chinese e-commerce in blockchain tech applications. JD.com’s head of blockchain Xinlei Zhai was quoted by Yahoo Finance to have said that the firm wanted to press the boundaries for blockchain tech to “transform global commerce”:

“Through JD Chain and the JD Chain Open Source Community, we are empowering enterprises to leverage the vast technological resources at our disposal to develop their own blockchain solutions, creating greater security, efficiency, and transparency across all of their operations.”

The official announcement claims that JD Chain can improve five key technologies of blockchain: data ledger, consensus protocols, cryptographic algorithms, data storage, and APIs. The blockchain is capable of 10,000 transactions per second, resulting in fewer delays for research and development, as well as lower threshold costs.

JD previously launched a blockchain solution called JD Medicine Opening Tracing Solution which aimed to provide more visibility into the country’s pharmaceutical supply chains.

 

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