Jingdong recent invention in blockchain framework is excellent news for businesses. Companies can develop their tailor-made solutions without relying on pre-built APIs. JD chain is expected to complement another breakthrough by JD.com – JD Chain Open Source Community. It will enhance collaboration amongst blockchain developers regarding the application of blockchain technologies.
Additionally, individualized blockchain solutions will empower businesses to become more secure, flexible and efficient. JD chain will improve the performance of five major blockchain technologies which are: APIs, data storage, cryptographic algorithms, consensus protocols, and data ledger. By reaching over 10,000 transactions per second, JD chain will reduce the running costs of the technology as well as the time required to develop blockchain solutions. This will provide the much-required leverage for companies in the chain.
Jingdong has developed an easy-to-use toolkit that will enable companies to access their functionalities easily. The three-layered technological architecture comprised of the data ledger, consensus service, and gateway service.
The head of blockchain at JD.com is optimistic that Jingdong has the potential of transforming global commerce through JD chain Open Sources Community and JD Chain. These technologies will empower enterprises to optimize their technological resources, develop their blockchain solutions. In so doing, he is confident that JD.com customers will create greater transparency, efficiency, and security within their operations.
Jingdong is on the right trajectory when it comes to innovation and utilization of blockchain technologies. JD.com recognizes the potential of the technologies in introducing transparency in the supply chain as well as transforming consumer experience with the companies that JD serves. JD.com has implemented blockchain tracing more than 50,000 SKUs and 700 brands on its platform to date. JD Medicine Opening Tracing Solution for supply chains in China’s pharmaceutical is one of the offerings that Jingdong prides in. It has created transparency in the supply chain in addition to providing reliable information to consumers and assurance that the medicine they buy is genuine.
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