The platform for e-commerce T-Mall of the Chinese giant Alibaba Group will transfer cross-border supply chains to the blockbuster. The project is implemented jointly with the logistics company Cainiao, Coindesk reports.
According to the publication, within the framework of the partnership it is planned to transfer data on imported and exported goods to the blockchain, which will track the country of origin, ports of departure and arrival, as well as all the necessary customs information.
Note, Alibaba is an investor in Cainiao. The latter previously announced that it sees in the blockbuster a huge potential for application in the field of cross-border e-commerce.
It is alleged that thanks to the new project, residents of various cities in China, including Shanghai, Guangzhou and Shenzhen, will be able to track the logistics data of more than 30,000 products from 50 countries via mobile applications.