China’s JD.com Launches the Country’s First Blockchain-Based Business License Tool
Cryptovest
Published Sep 20, 2018 08:52AM ET
Updated Sep 20, 2018 10:00AM ET
China’s JD.com Launches the Country’s First Blockchain-Based Business License Tool
Zhizhen Blockchain, JD.com’s open blockchain platform, launched China’s first blockchain-based business license with the Administration for Industry and Commerce of Suqian, local media portal Xinhuanet reports . All merchants in Suqian that are in JD.com’s e-commerce network have put their data on the blockchain.
Suqian is also the hometown of Liu Qiangdong, the founder and CEO of JD.com. In August, the city’s Administration for Industry and Commerce signed a memorandum with the e-commerce giant to cooperate on “building the new ecosystem of the Internet economy.” According to the agreement, JD got the support to develop a blockchain-based business license platform, which should enable d...
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