- Apr 04, 2019
JD.com Self-developed Blockchain Framework Now Open to Businesses
JD.com has announced the opening of JD Chain to businesses, providing them with access to a state-of-the-art underlying blockchain framework. This follows JD’s earlier launch of a new blockchain technology open platform, the JD Blockchain Open Platform, which enables businesses to leverage pre-built APIs in their own businesses. Through JD Chain, companies can now build their own solutions from the ground up, starting from the underlying architecture, specifically tailored to meet the unique needs of their individual businesses, without relying on pre-built APIs.
The opening of JD Chain will be further complemented by the launch of the JD Chain Open Source Community. This new platform aims to promote greater discussions and pooling of resources among blockchain developers and enterprise users regarding the application of cutting-edge blockchain technologies.
Leveraging JD Chain to build individualized, state-of-the-art blockchain solutions will empower businesses to become far more efficient, flexible and secure. JD Chain helps improve the performance of five key technologies of blockchain including data ledger, consensus protocols, cryptographic algorithms, data storage and APIs. JD Chain can reach more than 10,000 transactions per second (TPS), and reduce the time required for the research and development of blockchain solutions and lower the threshold costs for using these technologies.
To meet the performance requirements of a range of different business applications, JD Chain has designed a technical architecture that spans three layers, including gateway service, consensus service and data ledger. Companies are able to access these functionalities through a simple, easy-to-use toolkit.
“JD has long been a trailblazer in pushing the bounds of blockchain’s potential to transform global commerce,” said Xinlei Zhai, head of blockchain at JD.com. “Through JD Chain and the JD Chain Open Source Community, we are empowering enterprises to leverage the vast technological resources at our disposal to develop their own blockchain solutions, creating greater security, efficiency and transparency across all of their operations.”
As a pioneer in the utilization of blockchain technologies, JD continues to invest in the growth of its expanding blockchain ecosystem. The company recognizes the huge potential of these technologies to introduce heightened transparency to the supply chain and enhance the consumer experience, providing JD’s customers with peace of mind about the quality and authenticity of their purchases. To date, JD has already implemented blockchain tracing for more than 700 brands and 50,000 SKUs on its platform.
JD previously launched a blockchain technology-based JD Medicine Opening Tracing Solution to provide more visibility into China’s pharmaceutical supply chains. The new offering builds upon JD’s strong track record in supply chain transparency, giving consumers unprecedented access to reliable tracing information and assuring them that the medicines they buy are genuine.