E-commerce Giant JD.com Introduces Blockchain-as-a-Service Platform

Chinese e-commerce store, JD.com has launched an enterprise blockchain-as-a-Service (BaaS) platform where customers can host blockchain applications. The retail giants introduced ‘JD Blockchain Open Platform’ through a press release on their website.

JD Blockchain Open Platform

According to the announcement, the blockchain platform will allow customers “build, host and use their own blockchain applications for more secure, transparent and convenient operations management.” It also comes with an app store for multiple blockchain bottom layers, tools, and software that are developed in-house and by Independent Software Vendors (ISV) to aid customers.

Benefits of JD’s blockchain Platform

BaaS platforms like this allow organizations to deploy blockchain applications without having to develop their own blockchain network. JD listed several benefits of its new service; it enables customers to easily create smart contracts public and private enterprise clouds. It will also leverage blockchain technology to make certain business operations more effective and efficient. JD explained:

The technology can help companies streamline operational procedures such as tracking and tracing the movement of goods and charity donations, authenticity certification, property assessment, transaction settlements, digital copyrights and enhance productivity.

Leveraging Blockchain Technology

JD is using its BaaS platform is an effort to expand its Retail as a Service strategy. Jian Pei, Head of Big data and smart supply chain at JD.com, said that the platform was the result of blockchain innovations within the organization.

The platform has already gotten its first subscriber according to JD’s post. China Pacific Insurance Company (CPIC), it says, is using the platform to create a blockchain-based electronic invoice system.

Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.