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Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts

Chinese e-commerce giant JD.com, also known as Jingdong, has successfully launched two enterprise-level applications, including blockchain-based smart contracts, and the protection of commercially confidential information. These two applications were launched on JD’s independently-developed proprietary blockchain, JD Chain. The JD Chain blockchain framework was made open sourced around a year ago, five months after the company … Continue reading Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts

Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

Chinese e-commerce giant JD.com has recently partnered with the People’s Bank of China Digital Currency Research Institute to build mobile apps and wallets to support China’s central bank digital currency (CBDC). For China’s CBDC, digital currency electronic payment (DCEP), the two parties have reached a strategic agreement to develop mobile and blockchain technology-based platforms. JD.com … Continue reading Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

Ecommerce Giant JD.com Accepts China’s Digital Yuan as Payments on Singles Day Shopping Fest

JD.com, a top electronic site in China, was accepting China’s new Digital Renminbi for payments on its e-commerce platform during Singles Day – the world’s biggest shopping event – for the first time. Although the Singles Day event normally happens – from November 1 to November 11, every year, this is the first time in … Continue reading Ecommerce Giant JD.com Accepts China’s Digital Yuan as Payments on Singles Day Shopping Fest

Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

Photo by Fancycrave on Unsplash Market regulator highlights 11 cases where supermarkets and online platforms sold food products that did not meet national food safety standards Zen Soo Celia Chen China’s market regulator has highlighted 11 cases of supermarkets and online platforms selling food products that did not meet national food safety standards, some of which are … Continue reading Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

Tim Draper Plans to Capitalize on Indian Cryptocurrency Renaissance

Tim Draper is a billionaire investor best known to the crypto community for his participation in the FBI’s 2014 Silk road auctions where he won thousands of Bitcoin. Draper now appears to have set his sights on being a ground floor investor in India’s emerging cryptocurrency industry. In an interview on March 21, the venture capitalist revealed … Continue reading Tim Draper Plans to Capitalize on Indian Cryptocurrency Renaissance

From Zero Mentions to a Dedicated Section in CINIC Report: How Fast is Blockchain Growing in the Chinese Internet Industry

The China Internet Network Information Centre (CINIC) recently published “The 45th China Statistical Report on Internet Development”. Compared to the previous issue, it is worth noting that the CINIC covered blockchain development as a dedicated section in the latest report. The report highlighted the rapid blockchain development of China in three aspects: regulation, technical development, and … Continue reading From Zero Mentions to a Dedicated Section in CINIC Report: How Fast is Blockchain Growing in the Chinese Internet Industry

China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes

China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018. The Financial Blockchain Shenzhen Consortium … Continue reading China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes

MAS Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19

The Monetary Authority of Singapore (MAS) introduced Project Ubin in November 2016, along with its partnership with R3, to build a proof-of-concept project to conduct inter-bank payments using blockchain. Project Ubin, spearheaded by the MAS, is a project exploring the use of blockchain and distributed ledger technology (DLT) for clearing and settlement of payments and … Continue reading MAS Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19

Can Jack Ma's ANT Group meet China's Regulators Requirements?

Chinese fintech giant Ant Group was expected to go public on Nov. 5, until founder Jack Ma provoked regulators in Beijing, prompting China’s President Xi Jinping to personally pull the plug on the record-breaking $37 billion initial public offering (IPO). After the Ant Group IPO was suspended, founder and China’s second-richest man Ma disappeared from … Continue reading Can Jack Ma's ANT Group meet China's Regulators Requirements?

DJ 3LAU Establishes NFT Music Investment Platform Royal by Obtaining $16M in Seed Funding

American DJ and electronic dance music producer Justin Blau, also known as 3LAU, established the blockchain music investment company Royal, supported by a $16 million seed round led by cryptocurrency investment company Paradigm and Peter Thiel‘s Founders Fund. The Royal blockchain music NFT investment platform was founded by 3LAU and his university friend JD Ross. It aims to … Continue reading DJ 3LAU Establishes NFT Music Investment Platform Royal by Obtaining $16M in Seed Funding