This week, Chinese media outlets
reported that JD.com’s blockchain traceability solution accumulated 1.3 billion pieces of uploaded data.
JRJ further claims that it has been used by over 700 brands and managed 60,000 products. JD’s technology is also used for asset-backed securities (ABS) with CITIC bank.
The traceability solution is known as
Zhiyi, or Zhizhi, and runs on the underlying JD Chain, which is now
open source. It also underlies JD’s blockchain as a service (BaaS) platform for enterprise, launched in August 2018.
With 300 million monthly users, JD.com is China’s second largest retailer after Alibaba’s Tmall.
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