Loading...
Main page  |  News  |  Modern Blockchain Platform for Online-Trading

Modern Blockchain Platform for Online-Trading

12.02.2016 блокчайн платформа

Mass commercialization of Internet has begun after it had been widely spread across the globe. World-Web has become a modern instrument for fast transactions and commercial data exchange. As for the blockchain technology, financial institutions and online-trade brands quickly appreciated its benefits and began working upon implementation of this technology into their business.
As of today, the economy of China is second in the world, and it continues its growth. In a short period of time China has become a major manufacturer of products and services, and Chinese company Alibaba is in the world’s top ten Internet-companies. Thus, it is not surprising that one of the leaders of online-markets announced that it began development of blockchain-platform for its own payment system Alipay. The Chinese giant followed the example of implementation of this innovation by the famous stock exchange Nasdaq.
The key advantage of a decentralized system is an opportunity to conduct transactions without mediators. Taking into account huge sales volume of Alibaba, deployment of blockchain technology is indeed necessary.
Money doesn’t rule the world
Saying “Finances rule the world” is grown stale.  It’s better to re-phrase the famous sentence. Actually, the world is ruled by information, and security of information represents a serious challenge to the mankind. Credit history of individuals and businesses has already become an object of hacker’s hunt. Blockchain technology shall become a reliable information storage with complex and efficient security mechanism.
The number of registered users of Chinese giant is over 350 million. They process 80 million transactions daily. 80% of mobile payments in the country with population over one milliard people are carried out via Alipay.
Reasons behind the popularity of Alipay
It is notable the increase in number of companies co-operating with Alipay. The popularity of the payment system is explained with interest of international manufacturers of products and services to penetration onto the huge Chinese market, and with growth in demand of Chinese residents for foreign technological novelties.
Recently, United Airlines has officially accepted Alipay system as a partner. Thanks to smart marketing decision, sales of this American airline company in Chinese market increased significantly. Now Chinese people can purchase tickets remotely.
Alipay users have received an opportunity to make shopping in Japanese chain of stores Kintetsu.
The payment system is at the parting. They have to decide whether they create their own blockchain-network or they prefer a conventional pair Blockchain - Bitcoin. At all rates, a cloud platform will be activated in 2016.
Successful integration of the popular cryptocurrency with the payment system Alipay will allow customers using Bitcoin for international payments.