Alibaba's T-Mall to Use Blockchain for Shipping

E-commerce giant isĀ adopting blockchain technology in its cross-border supply chain
01 March 2018   172

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.

Monetha is about to release first version of its wallet app

Monetha's MVP to be released on March 21 exclusively for MTH holders in order to make a significant step towards fully working decentralized trust and reputation system
23 March 2018   71

Starting from March 31 all of MTH token holders will gain exclusive access to Monetha wallet app - the MVP of the project. The release is considered to be Beta release, and approximately 10,500 of the users of the platform will become the first to test out the product. The app will be available on both iOS and Android.

The wallet itself is based on smart contracts and features

  • making/solving claims;
  • rating merchants;
  • writing reviews;
  • review of purchase history;
  • see clients' and merchants' trust ratings

The integration with Monetha through the app will allow merchants to accept Ethereum based tokens as a payment and then easily convert cryptocurrency into fiat currency. Monetha's mission is 'to develop and deploy the best transaction system that would be based on enforceable contracts without third party between consumer and merchants and a strong decentralised reputation management system'. Its solution is going to be universal, transparent, self-executing and transferable.

To the moment of the publication, Monetha's market parameters are as follows:

Average price: $0.102597

Market cap: $22,274,083

Volume (24): $435,208