Chinese Giant Alibaba Leveraging Blockchain For Shipment Logics

Chinese giant Alibaba announced yesterday that some of its subsidiaries are already using blockchain based tech solutions for managing international shipment info, according to Beijing Daily.
Lynx Tech, a subsidiary of Alibaba announced that it is already using a blockchain based system to track the info of their shipments across borders. Tang Ren, Technical Leader of the company stated: “Although the concept of the blockchain has only recently started to emerge, it has a very wide range of applications. We firmly believe that this is an Internet-based technology, not a tool for speculating on currencies.”
Blockchain tech is ideal for these kinds of uses, because the info can be entered and saved, but not modified or erased in any way. That’s a key advantage over database based systems. It was not informed if this system is intended to be used by Alibaba on a greater scale. Lynx International has operations in ports of Shangai, Shenzhen, Guangzhou, Hangzhou, and Tianjin. Another interesting take on using blockchain for non-currency based operations.

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