JD.com is planning a blockchain-as-a-service platform

Today Chinese e-commerce giant JD.com has unveiled a white paper detailing its next big step into the blockchain industry.

The firm will target a new blockchain-as-a-service (BaaS) platform.

JD’s BaaS service will provide blockchain tools for developing apps in areas such as supply chain data tracking; public services, such as government taxation and authenticating charity donations; financial settlement and securities remittance; fraud prevention in insurance; and big data security.

“JD is actively building and opening up its own BaaS platform in bid to let the government, logistic industry, financial institutions and other enterprises to launch blockchain applications,” the white paper states.


Write: Sara Bauer


 

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