Koala, the cross-border e-commerce marketplace acquired by Alibaba Group in September 2019, has adopted Ant Financial’s blockchain solution, to foster transparency in its supply chain and eliminate goods mismatch, according to a Sina Finance report on March 17, 2020. origin »
Chinese e-commerce heavyweight, Alibaba is making active plans to integrate the revolutionary distributed ledger technology into its operations to simplify its complex cross-border supply chains according to reports published March 6, 2019.
As a
rapidly growing business sector, e-commerce continues to open up new avenues
for exploring, comparing and purchasing products worldwide. Spl. yt, a smart
contract protocol, aims improve the e-commerce system for buyers and sellers by
automating functions currently performed by “middlemen” marketplaces like
Amazon, eBay and Alibaba.