Chinese Corporation Announces the Launch of Blockchain-as-a-Service Platforms


August 17, the Chinese corporation published a press release, announcing its Blockchain-as-a-Service (BaaS) platform.

The platform, called the JD Blockchain Open Platform, was developed directly for the companies that are interested in the development and use of Blockchain technology. As reported, thanks to the platform, companies will not need to develop technology from scratch.

According to the information provided, the platform will allow companies to gain access to the functions of smart contracts. JD offers a range of potential applications of the platform:

“The technology can help companies streamline operational procedures such as tracking and tracing the movement of goods and charity donations, authenticity certification, property assessment, transaction settlements, digital copyrights, and enhance productivity.”

It should be noted that the BaaS platform was developed within the framework of the project to implement the strategy “Retail trade as a service” (RaaS), which will allow other companies and organizations to use innovative technologies without any difficulties.

The platform will have its own application repository, which contains various “lower layers, tools and software”.

According to the data, the first company that uses the platform will be China Pacific Insurance Company (CPIC).

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