Alibaba starts using Blockchain technology

Alibaba's subsidiary, Lynx International, has successfully integrated Blockchain technology into the company's cross-border logistics area.

According to the company description, Blockchain based system; including the details of production, customs, shipping method, inspection and third party verification.

The adoption of Alibaba's Blockchain technology does not mean that the crypto paralara is lighted green. Not long ago, Alibaba's founder Jack Ma explained that he was not interested in crypto paralysis and that he had no investment, but that his company had made significant progress in Blockchain technology.

Considering Alibaba also has two separate camels such as Taobao and AliExpress, it can be said that Blockchain intends to speed up the logistics process. Alibaba launched Blockchain-based programs for the import and export sectors as well as the health and food quality control sectors.

It is obvious that Blockchain has a special interest in China. Previously, the Bank of China has included this technology in its five-year development plans, and explained that it wants to use it more effectively in its processes. Finally, China's global brands Alibaba Group, one of the sub-companies will start to actively use the Ant Financial said.

Cheng Li said that Grubun is using Blockchain effectively in the name of the Ant Love funding platform, saying that last year 450 million Alipay users donated and the platform connected these donations to many charitable organizations and NGOs. Cheng Li said they would like to extend the donations made through Ant Love to more institutions and they will use Blockchain in this platform as well as Alibaba's supply chain.

Let's see what other major companies are going to explore blockchain technology in the coming days.