Rain is coming? Ali, Tencent, Jingdong, the three giants in the blockchain field secretly compete

Jingdong uses blockchain technology to trace black pig information

Business competition is like the jungle of the survival of the fittest, but its cruelty is even worse. We have witnessed how the century-old Nokia has been eroded by Apple, witnessing the history of Kodak’s demise from film king to cross-border selling clothes. When the blockchain emerges, everyone can't ignore it and act as a follower in technical iterations. And as more and more giants join, the "Matthew effect" in the field of blockchain technology will be invented by Yu.

Some industry insiders said that large companies have technical talents, real and practical investment, and more important application scenarios. Once the advantages of technology products are established, it is difficult for small companies to catch up.

At present, under the leadership of large companies, the blockchain has already played a major role in the fields of traceability, trade finance, supply chain finance, identity authentication and copyright confirmation.

For example, both Ali and JD.com are using the e-commerce scenario to do blockchain traceability. The goods sold on the e-commerce platform, from production, logistics, retail, testing, to the end consumer, all node information in the process of circulation can be stored in the blockchain network, convenient for consumers to inquire.

In 2018, Ant Financial launched a cross-border remittance service based on blockchain technology in Hong Kong, using a blockchain-based e-wallet to remit money from Hong Kong to the Philippines. Ma Yun, Chairman of the Board of Directors of Alibaba Group, and Jing Xiandong, Chairman and CEO of Ant Financial Services, personally attended the testimony.

Ma Yun witnessed the world's first blockchain cross-border remittance, which took only 3 seconds

In 2018, Tencent participated in the “blockchain invoice” project led by Shenzhen Taxation Bureau, and opened the first blockchain invoice in a restaurant in Shenzhen. At the same time, Tencent also landed the “public interest tracing chain” to realize the major public welfare. Information sharing between platforms helps lost, abducted, and wandering children to go home.

In 2019, Jingdong Group and the Guangzhou Internet Court signed a cooperation agreement on both the trusted electronic evidence platform and the judicial credit co-government platform. Jingdong Digital's blockchain technology provides the underlying support for cooperation. With traceability technology, evidence storage security and verification convenience can be realized.

“The blockchain technology does not seem to have any disruptive products or applications at present, but we should not ignore the meaning behind each new product.” The industry said, “Too small, these head companies’ recent equipment. The competition is to occupy the market in the field of technology and to grab the market in the future; to say that they are also popularizing and educating the public, they are making a way for the industry."

"We have no prejudice against digital currency, but if one day, we talk about the blockchain, the first reaction is not BTC or ICO, but the trace of the blockchain, or the blockchain to find people, talking about Tencent, is the Jingdong number Section, maybe the blockchain technology really ushered in the timing of large-scale commercial landing," said the source.

Tencent and the State Administration of Taxation issued the first blockchain electronic invoice

As Ma Yun mentioned earlier, “blockchain technology must solve the privacy and security of data today, must solve the sustainable development problem, must solve the green problem, must solve the inclusive problem. The blockchain cannot and should not be used overnight. Riches, blockchains must solve social problems."

Source: Ear Finance