JD.com launches China’s first blockchain business license product

Zhizhen Blockchain, the open blockchain platform of China’s e-commerce giant JD.com, launched the country’s first blockchain business license with the Administration for Industry and Commerce of Suqian, the hometown of JD’s founder and chief executive officer Liu Qiangdong.

All vendors in Suqian that are on JD.com’s e-commerce platform have uploaded their information onto the blockchain.

Suqian Administration for Industry and Commerce signed a memorandum with JD.com on August 16 on “building the new ecosystem of the Internet economy.” According to the memorandum, the blockchain business license platform will pave the way for a digital seal and invoice in the future.

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