Blockchain's Pivotal Role in Alibaba's Double 11 Festival
Ant Group's Vice President Jiang Guofei announced at the Tmall Double 11 media center that blockchain technology was fully integrated into this year's shopping extravaganza. Applications included:
- Product authenticity verification
- Protection of original seller content
- Small business loan services
- Global trade facilitation
Jiang emphasized, "Blockchain will soon become as ubiquitous as mobile payments, serving as critical infrastructure for the digital economy."
👉 Discover how blockchain transforms e-commerce
Financial Services & Enterprise Blockchain
Ping An OneConnect Files for Nasdaq IPO
Key details:
- Submitted F-1 filing to SEC on November 13 (Eastern Time)
- Trading ticker: "OCFT"
- Positioned to become the first publicly listed financial blockchain company
PBOC's Trade Finance Platform Expansion
- 30 banks now connected
- Processed ¥76 billion across 30,000+ transactions
Supports:
- Multi-level supply chain financing
- Cross-border trade
- Tax payment supervision
Government & Cross-Border Implementations
| Initiative | Scope |
|---|---|
| Beijing-Hebei-Tianjin Collaboration | Blockchain for construction industry产权保护 |
| Shanghai Financial Regulation | Crackdown on虚拟货币trading venues |
| Yunnan Pu'er Tea追溯系统 | VeChain-powered supply chain tracking |
👉 Global blockchain adoption accelerates
Corporate Blockchain Moves
HTC x Binance Chain: Launching EXODUS 1 smartphone with built-in Zion wallet for Binance DEX access.
UPS x HerdX: Using IoT+blockchain to track premium steak shipments from Kansas farms.
Walmart Canada: Deploying blockchain-based freight payment network by February 2020.
Crypto Market Developments
- Bakkt to launch cash-settled BTC futures
- Coinbase Card adds XRP, BAT, XLM support
- Fold app enables Bitcoin payments for Airbnb (3% cashback)
Investment & Research Highlights
DeFi: Compound raises $25M Series A led by a16z
IDC Forecast: China's blockchain spending to hit $2B+ by 2023
Academic Insights:
Tsinghua Professor Luo Mei: "Asset digitization will spark a retail finance revolution."
FAQ
Q: How is blockchain used in Alibaba's operations?
A: It verifies product origins, protects IP, and streamlines SME financing during Double 11.
Q: What makes Ping An OneConnect's IPO significant?
A: It marks the first major financial blockchain firm going public on Nasdaq.
Q: Which industries benefit most from blockchain in China?
A: Trade finance (76B CNY processed), government services (71 applications), and retail supply chains.
Q: How does Walmart apply blockchain?
A: For automated freight payments across 400+ Canadian stores by 2020.
Q: What’s notable about HTC's new phone?
A: Direct Binance DEX integration via hardware wallet—retail: $599 (crypto-only).
Q: Which crypto projects recently got funding?
A: Compound ($25M), Sky Mavis ($1.5M for Axie Infinity), Bitski ($1.81M wallet API).