Chris Holden

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Article Title: Richard Liu Qiangdong: Blockchain Framework To Greatly Benefit Businesses

by Chris Holden - April 18th, 2019.
Filed under: Business, COMPANY.

Article Text:

Recently, JD.com, a giant in the Chinese e-commerce space, announced that it had made the blockchain framework it self-developed, JD Blockchain Open Platform open to businesses. In the announcement, this e-commerce giant mentioned that it would also be providing them with access to its underlying state-of-the-art blockchain framework. In addition to this, the company had also launched JD Chain Open Source Community. This is a platform where both the developers of blockchain framework and its business users can interact. JD.com is hoping that this platform will allow the company to improve on the technology and mater it better to use.

Built to provide an individualized experience

During this announcement, JD.com come stated that its blockchain framework had been built to meet the needs of every business individually. Therefore, companies that would take advantage of this blockchain framework can easily go ahead and develop their API’s right on top of it without relying on prebuilt solutions. This means that a business can utilize underlying architecture to build their solutions from the ground up. With the users and developers pooling their ideas together through the community, the experience is bound to get better with time.

Helping businesses reach their potential.

It is expected that the JD Blockchain Open Platform will help businesses reach their potential. With this state-of-the-art technology, they will become more efficient and flexible. This technology improves performance in five critical areas of business including data ledger, cryptographic algorithms, data storage, consensus protocols, and APIs. The technology is so refined that it can allow a company to process more than 10,000 transactions every second. This JD.com blockchain framework is also very keen on taking business security to the next level. With the advancement of technology, businesses have been increasingly facing numerous security threats.

About JD.com

This company was started in 1998 by Richard Liu Qiangdong. In the early years of its existence as a magneto-optical products shop, Jingdong, it widely prospered. Richard Liu moved the business entirely online in 2004, and over the years it has grown to what it is today. The company is now more than just an e-commerce site as it has diversified into many other fields.

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