Alibaba’s Alipay partners with China for blockchain technology use in rice tracking
Alipay payment platform from Alibaba and Ant Financial subsidiary are partnering with the Chinese authorities to use the blockchain technology in the tracking of rice thus ensuring its authenticity, as reported on August 28 by local media.
The Wuchang municipal government located in China announced the partnership with Ant Financial and Alipay, Alipay had 400 million users in August 2017, the company is owned by Ant Financial and with the use of blockchain technology will register and follow up the Rice production throughout its supply chain through a blockchain-as-a-service platform.
Wuchang belongs to Hubei province which is very famous for its quality in rice but for some years have had reports of adulteration mezclandose its premium rice with others of less quality and thanks to the agreement the objective will be to prevent marketing adulterated versions of the well-known Wuchang rice.
To be attentive as this measure in contrast is given a week after China increased the ban on crypto with more blockades in exchange houses and in the exchange of information while blockchain technology continues to grow in Beijing with several partnerships underway in both the public and private sectors.
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