Despite yesterday’s market slide, crypto mania is still alive and kicking. More and more companies are investing in their own blockchain solutions and cryptocurrencies. It was thought that Chinese e-commerce giant Alibaba was doing so, but it now appears that such is not the case. Editor’s Note: After this article was published, new information was found that showed Alibaba is not providing mining platforms or creating their own cryptocurrency. The company issued a statement on
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It’s not clear what Tron is or whether or not it takes its name directly from the science fiction movie. And that confusion extends to the company’s business model. We jump into the grid to explore why Tron’s coin-operated business is more arcade than reality. The first thing I learned about Tron the crypto company is that it has nothing to do with Tron the movie – or the game – or anything related to Tron.
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Several posts on Chinese Bitcoin news sites like Coin News Asia are reporting that online sales giant Alibaba is working on possibly using blockchain tech for their Alipay service. It was first talked about on 8BTC.com on Jan 20th amid speculation as to what uses Alibaba and Alipay might be looking in the technology to do. Also Read: Alibaba & Blockchain Technology Fight Against Counterfeit Goods In a statement at Coin News Asia Jingming Li, President of
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E-commerce is a booming business, as more and more consumers complete their purchase online. But there is one major problem plaguing both e-commerce and brick-and-mortar shopping, and that is counterfeit goods. Verifying the integrity of a product, especially when it is sold by a third-party vendor, is impossible until it arrives at the recipient’s doorstep. Alibaba, one of the largest e-commerce platforms in China, launched TaoProtect for counterfeit reporting purposes. Also read: Block Verify Turns