Singapore's e-commerce giant Qoo10 uses blockchain technology to attract merchants and consumers

According to the Singapore Straits Times, Ku Young Bae, CEO of Singapore's e-commerce giant Qoo10, has developed a plan to apply blockchain technology in e-commerce to increase efficiency against Alibaba, Amazon and Tencent. KKu Young Bae also said that a payment system based on blockchain technology is currently being created, which will help attract new shoppers who still dominate cash.