Bitcoin Forum

We have a week of positive news from China!
Alibaba introduced new e-commerce platform T-Mall, based on blockchain technology in partnership with the logistics company Cainiao.
Read more here: T-Mall Auction from Alibaba Uses Blockchain to Track the Goods (https://thecoinshark.net/t-mall-auction-from-alibaba-uses-blockchain)
Green market soon? ;)

some Chinese newspaper already stated Ali baba is going to tie up with Tron Neo and IOTA for blockchain services Ali Baba is positive towards adopting to blockchain technology

Tron seems like the obvious one given Jack Ma's links to Alibaba and Tron.

More and more companies are starting to adopt blockchain technology, IBM now use it also and it's a sign that the blockchain is definitely here to stay, whether or not cryptocurrencies go along with that remains to be seen.

We are in the very early stages of  blockchain technology and its adoption.
There may be partnerships made between well known brands and existing cryptoprojects,
but i think the vast majority of global brands will look to create their own blockchains to have full control.

Things in crypto world actually develop faster than we may expect.
Many people consider Tron as a hype coin, but as I can see it - Tron is a really undervalued asset at the moment.

While ultimately positive and bullish news - it has little to do with bitcoin.
They will simply use blockchain technology. I don't think that private blockchain or some altcoin is related to BTC all that much.
It's great that they are developing new tech, but I would be more interested when Alibaba would simply accept BTC as a payment method.

I think exactly the same as you. Bitcoin will change the world, i will never get tired of saying it.

People at the beginning invested only and exclusively because they believed in the technology. Now it's open for both investors looking for profit and also for people looking for innovation. I consider myself as a bit of both.

I see Mr. Satoshi very close to the Tesla of the modern times, his invention made now more possible than ever to change your life conditions no matter where you were born. Something impossible before.

As more and more companies start to integrate it to their systems we will see a very positive improvement in the world from my point of view. I feel like a really big change is coming in the next years.

Alibaba is a very large marketplace. And blockchain technology has a huge potential for international e-commerce.
 I think, many other  e-commerce platforms will follow their example.

One piece of news, especially one of that nature is not going to send the whole markets green. It is good though that one of the biggest companies in the world is adopting the latest technology in the world. It will either force others to also adopt and innovate, or not adopt but then get left behind the innovation curve. This won't push the markets green but it will propel blockchain and cryptocurrencies further and into more adoption, and that is a huge win.

I don't think that people are wrong in calling it a hype coin, but the hype is probably not misplaced. Any partnership with Alibaba will send the price soaring and that doesn't seem all too farfetched.


Bitcoin itself may not change the world but the technology behind it is already changing things in quite monumental ways, the ability to easily track all transactions is making companies far more accountable and transparent and that's only a step forward for society.

It's strange,because i thought that chinese government block all mentions about blockhain,bitcoin etc.

So what we had heard from China about bitcoin ban was false. Or they might be right and this news might not be real. Which one is correct?

"China bans Bitcoin" for me sounds absolutely equal to "Saudi Arabia bans petroleum extraction" and "Ruassia bans gas production" ;D

Alibaba's current situation, I think it is difficult for them to accept bitcoin as a payment method, because they are based in China, China temporarily will not allow such a large enterprise companies to accept what they do not support in advance as a means of payment.

It's good news for blockchain, alibaba the biggest company use blockchain for track the goods. Technology I believe will use in big company.
After alibaba use blockchain for their business, I sure other company will use blockchain also. Technology behind blockchain will help the company run their business more efficient. We hope blockchain will many company used it and technology inside will grow fast.

I believe that alibaba realizes the advantage of using blockchain technology in making transactions faster. I hope that in the near future, alibaba would also accept cryptocurrencies as payment for their good and services.

Jack Ma is getting the latest technology on his business. Hoping for a great era of blockchain on this new type of tracking.

I totally agree. Though I am a fan of every coin created that makes technology easier, I would still prefer the use of bitcoin.
Alternative coins won't help much in making bitcoin as mainstream and though we need different support to block chain technology, bitcoin exchanges are wider since it is the medium of virtual currencies. It's easier to use as of now. And may remain superior because of its general use.

Blockchain tech is a very innovative technology, it won't be a surprise if all companies will adopt this kind of technology. However, there's no connection to Bitcoin when Alibaba uses blockchain technology. BTC has it's own blockchain technology, and also Alibaba want its own blockchain technology too, and I think in the future all these global brands will create its own blockchain tech to have full control of what's happening on their company. And it's not a sign that the market will go green again because of this technology adoption.

If leading websites like Amazon start accepting bitcoin payments, this will really change everything for the bitcoin. These online marketplaces already have millions of customers who are active online and thus might be interested in bitcoins. If bitcoins are also used on these websites, it will also increased the reputation or credibility of crypto.

The companies who have adopted bitcoins as payment medium so far have done it only for publicity. I am waiting for a day when it will become a compulsion for all companies due to demand from the buyer.

Whoa thats a good news coming from one the biggest chinese e-commerce. This big step might also consider other big companies out there to adapt and use blockchain technology on companies. Im really hoping that someday blockchain technology will use worldwide. Jack Ma is trusting how this this blockchain technology works, a great businessman indeed.

already that such large companies, as alibaba implement technology blockchain said that they are looking to the side bitcoin. I am sure that after more and more companies will get acquainted with technology blockchain they will take bitcoin as a means of payment for the goods and services.

Jack Ma is chinese Steve Jobs)))Because Alibaba always the first to introduce advanced technologies in China!

On that news, I dont see correlated with cryptocurrency market. Blockchain is technology and not only bitcoin, I think blockchain usefull for any purpose like shipping or even election. Thats my opinion on that news

Here is fresh update on How Alibaba is championing the application of blockchain technology in China and beyond – Mon May 28 (https://smartereum.com/7630/how-alibaba-application-blockchain-technology-china-globally-mon-may-28/)

“We should be cautious about bitcoin. Its underlying technology, however, is really powerful. I pay more attention to a cashless society and the blockchain technology. And I am not shameful that I don’t know about bitcoin.”
Jack Ma

It's a good thing that Alibaba is making use of this new technology blockchain and hopefully many huge companies might follow their footsteps and want to make use of it too. Though, bitcoin and blockchain is totally different thing and concept, I guess probably by using blockchain they might want to one day consider implementing the use of bitcoin itself. 

thanks for an update, maybe jack ma don't know about bitcoin, but the adviser will telling for this chance

No doubts. The most known of them is Justin Sun who created Tron, the top 10 CMC and Odyssey, another perspective token.
By the way Tron plans to run its own blockchain in June and migrate all TRX from ERC20.

it has been confirmed with the cooperation done by Justin Sun from the TRON (TRX) who worked with Jack Ma.

just look at Volume Tron in Binance, Bittrex and Huobi always full of Bitcoin and this will be a green market.

Blockchain technology is truly a core technology for future growth. The application of this technology to all areas of life is possible. But this development is not related to the digital currency, the market will not be green.

Anyway, we have seen those kind of news in here for months, but they have never coming to an end that can give us some kind of information if alibaba is really using the bitcoin blockchain or not.

It is good though that one of the biggest companies in the world is adopting the latest technology in the world. It will either force others to also adopt and innovate, or not adopt but then get left behind the innovation curve

I’ve never shopped at Alibaba, but I think it’s awesome nonetheless that it has adapted the technology. Hopefully more e-commerce sites and even retail giants will follow. There’s no stopping blockchain now, especially with all the potential benefits it could give companies.

Many companies have already agreed to accept or use Blockchain technology. So Alibaba has agreed to use the blockchain to track the products. I think the vast majority of the worldwide brand will have their own blockcake so that they have full control.

We can not disagree with you. The possibilities are so wide, and there are very progressive ideas in the field e-commerce. What makes easy-to-use tools for processing crypt payments.

Amazon accepting Bitcoin would greatly increase Bitcoins utility as a currency for the internet. Much more commerce would take place with Bitcoin (obviously). However, I doubt Amazon would accept Bitcoin any time soon. This is something the Bitcoin community has been waiting on for years. We have been hoping Ebay would accept Bitcoin because many years back paypal released an ad that said Bitcoin in it. But nothing ever came from that. Ebay and Amazon haven't said too much as to why they haven't accepted Bitcoin yet, or even if they ever will.

With such giants it is not possible not to reckon. Perhaps they are already calculating the strategy for implementing blockchain technology. We will just wait for the news.

If alibaba adopts blockchain technology and using it for tracking goods then it will make a revolution in the e-commerce sector. This is the best example of revolution.

The BTC has its own blockchain technology, and Alibaba also wants its own blockchain technology, and I think in the future all of these global brands will create their own blockchain technology to control all that is going on. their company. If leading sites like Amazon start accepting bitcoin payments, this will actually change everything for bitcoin. If bitcoin is also used on these sites, it will also increase the credibility or reliability of encryption. I am waiting for a day when it will become a coercion for all companies due to demand from buyers.

Alibaba is one of the leaders in the implementation of the blockchain. I think in the future they will increase their influence on the entire blockchain industry. I think that China can show good results in the implementation of blockchain.

Alibaba using block chain to track goods has confirmed the usefulness and effectiveness of this technology especially in chain supply this will open the door for other organizations to adopt and fully deploy this technology towards effective running of their system having proved that it is cost effective and secured.

this is just a common news as others as i wont expect it to cause any price increase in any cryptocurrency. this is  sign that the blockchain technology is massive and will revolutionize this world in near time. it will be incoporated into almost all human sector and daily live activities.

Alibaba is the big company from china and I think that they always updated with the technology so if everybody use the blockchain system or blockchain system is new in the internet Alibaba will try to use it for their business

this is very good news for crypto's future, because with alibaba using blockchain, it can make another companies to use blockchain too and this will make crypto even stronger.

They really want to become active in terms of adopting new technologies, if this thing is true for sure amazon will adopt this thing also in the future. A company like this will make a big impact in cryptomarket, its hard for some companies to adopt cryptocurrency simply because their own government preventing them from using it. Time will come and we will enjoy the full function of a blockchain technology.

Yes, that is positive news, but in my opinion it will not be too helpful to make Crypto immediately rise higher, if Alibaba has accepted Crypto as a payment instrument for goods and services, I am sure that will help Crypto return to the green.

We have seen the news here for months, but they never ended up giving us some information if Alibaba was really using blockchain bitcoin or not. It will force others to accept and innovate, or not to accept but then be left behind the innovation curve. Hopefully many ecommerce websites and even retail giants will follow. Many companies have agreed to accept or use Blockchain technology. I think most brands around the world will have their own blockcake so they have full control. This is the best example of revolution.

According to last publications, Jack Ma, president of Alibaba and the financial conglomerate Ant Financial, said he pays special attention to Bitcoin, the blockchain and the potential of these technologies to establish a "no-cash" society. Without focusing on Bitcoin, however, Ma emphasized that blockchain technology as a whole is a powerful innovation that could enable a society in which money is completely virtual.

Currently, the applications developed by the Ma conglomerate, such as Alipay, already dominate the economic landscape in China and allow from the purchase of coffee in sophisticated point-of-sale terminals until receiving salary.

He did not discard crypto-coins or Bitcoin as a coin and a store of value. But he is still undecided if Bitcoin brings enough value to society as a consensus currency based on blockchain technology.
The Alibaba ecosystem includes Tmall and Taobao e-commerce platforms as well as its Alipay payment medium and digital media and entertainment offerings such as the Youku video streaming platform.

Jack Ma stated that he is a pro-blockchain but not with bitcoin.

He sees good future with this great technology so that's why it is increasing the attention for his business and it is applicable to innovate Alibaba. I don't know if he's just a secret investor of bitcoin or he really don't like it and doesn't have any interest to it.

It's all mixed info- nothing new . The truth would be nice for once!

China is the most progressive (if we're not taking into account America) in cryptocurrency. And Ali baba is a huge worldwide company, which is associated with  China straightly. There is no surprising that this almost national company accept cryptocurrency.. But... I don't really understand how is it connected to tracking goods?

Major companies in the world are gradually joining the bitcoin army, and bitcoin will become more powerful at any time.

Wow.... This is a great news, which further explains the use case of the blockchain technology. This I believe is the beginning of global revolution that would happen with the blockchain technology. Our daily transactions and day-to-day activities are just getting more better.

In fact blockchain technology is not only used by bitcoin, they only use a technology similar to bitcoin, so this has nothing to do with bitcoin. Indeed, this positive news makes the world familiar with blockchain technology

It's really good to introduce blockchain into commerce and platforms that run heavy buying and selling.  Many upcoming and new crypto projects are already introducing blockchain into e-commerce.  It's happening already.  We just need to wait for full implementation and enjoy it. 

Yes, it's really great news! Large companies are beginning to introduce blockchain into their activities, as this technology of the future. The more large companies start using this technology, the sooner the progressive development and output of the blockchain to a fundamentally new level will begin. This is what we have been waiting for for about 5 years.

with the anonymous Creator of bitcoin and other coins that also have this property, the blockchain has a chance of life

I agree. They are certainly leading by example. For sure, this will open to door to many more blockchain projects.

This predicted to happen. Alibaba is more open to some bigger opportunities, They know blockchain is big and using cryptocurrency will allow them to be at the center of the marketplace that people and customers to find them easily because of their all-around platforms, especially in payment.

Love to hear some news like this. This make the support price value of Bitcoin and other alts to be strong. May be 6k is the floor value of Bitcoin, then moon soon!

Jack Mais smart, he won't miss the chance to ride the blockchain tech to take Ali to the peak.

Alibaba understands the effect of blockchain technology now and in future. Those that have not embedded blockchain technology into their system have not taken time to study the technology. It is not compulsory to use cryptocurrency in their financial transactions but they just use the technology for processing data.

They certainly lead by example. To be sure, this will open the door to more blockchain projects

I heard alibaba is not support and allow for using bitcoin, I have checked how the alibaba owner is not agree with allowing payment using bitcoin or altcoin, maybe alibaba is not have good service with crypto or bitcoin.

I hope this will bring some new fresh air for the cryptocurrency and if this is a success, I think the cryptocurrency will grow fast as we see that Tron, Neo, and IOTA have a good project. But it needs to prove all of the projects from Alibaba, and I hope that after this, the major online shop will follow what Alibaba did and this will attract more customer to use cryptocurrency.

wow its good that use the blockchain to track some goods, becauser we all know that blockchain is connected each other and i think it is the best choices that choose blockchain for for it

there will be many more who adopt the blockchain in our interests, especially in terms of transactions. This opens a wide opportunity for faster technology to be accepted by the world community and crypto starts to be used by all levels of society

Alibaba is the leader in blockchain-related patents. By this, I would not be surprised if they make many similar announcements.

Alibaba does not accept bitcoin, even Jack Ma is an Alibaba owner who does not respond with bitcoin. But the technology used by bitcoin, namely blockchain is strongly supported by Jack Ma. In fact, he developed it for use in the Alibaba company.

this is a bold and a welcomed step in the blockchain and crypto world. It shows blockchain is being incorporated into big businesses and companies and sure we will see others adopting the use of bitcoin and cryptocurrency in no distant time.

It is good  that one of the biggest companies in the world is adopting the latest technology in the world to make better world.

This is good to hear , but i think there is no other way for major companies to adopt new technology and they have to make changes accordingly. this news is the example that Alibaba start using block-chain to track the goods. in coming time we will hear that these companies start payment in  bitcoin, because this is the demand of the latest technology. for continuous success you have to adopt the latest version of technology.

The best thing to happen after the invention of the internet in today's technological era is the creation of the blockchain protocol. This technology can be used in all aspect of our lives o create a positive change.

from the beginning I knew him, I'm sure blockchain technology can be adopted into various fields or forms, really good news because alibaba is a big company and the name jack ma is very popular, although I'm not sure this will have a positive effect on the crypto currency but at least the news this is what we need to overcome this difficult time, hopefully this is not just news and there will be a good impact at least for the end of this year, which I really hope there will be a breath of fresh air in the crypto market

https://contest.zestcoin.io/7140/5565229

Well, I don't think it's too early or something. Alibaba Group itself has filed more than 10 per cent of the world's patent applications for blockchain in a sign of China's ambitions to dominate the next generation technology in uses beyond cryptocurrencies. When it's come to patent, it means partnership can be build between the well-known or just ordinary company in using crypto. And I think expanding blockchain along with development of different applications could be done by Jack Ma as the leader to positioning itself as the global leader in the field.

That is the beauty of blockchain technology especially in chain supply no wonder alibaba had capitalized on the efficacy and trust of this technology and deployed it to the effective tracking of their goods this is indeed a welcome development.

This another great news again to all of us as bitcoin and crypto enthusiast. This just showing that blockchain technology can saturate the entire world. This was the phenomenal decision by the owner of alibaba of intruducing there new e-commerce platform where I think in the long run the community of their online shoppers will take this opportunity in the blockchain technology as well.

green market yes, but not sure how that's going to work. Although they'll have a strong userbase

Yes, but only if majority of those system around will adopt this chain and make good uses of this particular service, we know that blockchain is a new technology of tomorrows good future ahead, there's only a need for people and businesses like alibaba to adopt and make good impressions about this
and build a strong bonds to make more influence with establish businesses.

in my opinion this is not suitable, because as we know, sending someone's goods is something personal, a code that should be known to the sender and recipient, and not a public material, because it is feared something happens that aims to deceive the sender or receiver. if this is for security, then this is also wrong. crypto itself still has security that is vulnerable and is suitable only for sending digital data and even then it is still not recommended

yeah , as we know alibaba are big online market on the world use blockchain for efective and fast market where delivery. blockchain are fast fot it and alibaba are good company.

Blockchain technology is recognized as one of the most advanced applied technologies, so it is widely used by various applications both government and private. Jack Ma, as the owner of Alibaba, sees the advantages of blockchain and implementing it in his company primarily to track the delivery of goods to consumers who are located all over the world.

ohhhh, that is very interesting, for those who do not know, Alibaba is like the Amazon in China, and taking into account the economic dimensions of China that is to say much, probably has better value in the market than Amazon, if I am not mistaken is the second largest company in telecommunications, after Tencent, of course.

it seems that the market is irrationally immune to any good news nowadays, no coins are reacting to big news.  A good example is Ripple which did not react on Coinbase listing rumors, coins until now have been ultra sensitive to anything coinbase related.

Wonderful use case of the technology we have here. No doubt users are enjoying the services without having to pay huge to the middle man.

They're not the only ones doing that since IBM already announced theirs. We can only hope that this picks up faster to enter a green market

The green market will be in any case, the question is only when. Another thing is how it will affect this proposed news. As we know China has always been an influential factor regarding bitcoin and other cryptocurrencies. Perhaps this news will also have a positive impact on the market as a whole. Let's hope for the best.

So is Alibaba already using blockchain in their e-commerce platform since it's been months that had passed? Or still in the development stage? Ali alone will not give huge impact regarding bitcoin's price but a good indication that another giant company is utilizing the blockchain, which will create demand in the market. More of these giant companies and we are heading in the good direction to recovery.

This is a great news and hopefully this will be a point to increase and rise up the market. Really want bull run for christmas. LOL.😊

Of course the advantages of blockchain are very sophisticated, because with a decentralized system, we will be able to track the movement of money from the beginning, the potential of bitcoin to be used in business between countries is undoubtedly about security, we must always think forward if there is a new system. the digital era has been very fast especially in the payment system.

Alibaba is the largest e-commerce company in China with sales worldwide. Jack Ma doesn't like bitcoin, but acknowledges that the blockchain is one of the best bookkeeping technologies in the world so he adopts to increase Alibaba's global competitiveness. Amazon in the US gets a balanced trade rival from Alibaba, especially the very large Chinese market with a population of 1.3 billion.

when e-commerce companies like alibaba have started using blockchain technology for their goods, it will make many platforms also think of it to be involved in the world of blockchain and will definitely make the price of bitcoin rise someday when many platforms use blockchain.

In my opinion, even though they use a blockchain technology system, this doesn't really have much effect on the crypto market. (If it's influential, it's only a little). But this is an advance about the technology used by them.

I dont think this is related to cryptocurrency market. Alibaba using blockchain technology and its like banks adopting blockchain technology for their security. But i think its good for blockchain adoption because it will make their service more transparant and hopely they will accepting cryptocurrency for payment

This is great news as blockchain to be adopted by a renowned corporate body like Alibaba. Blockchain technology is one the best invention of the twenty-first century. Initially, people thought that blockchain will only to be used for cryptocurrency but events of a few years ago have shown that blockchain can be deployed to so many aspects of human ventures which include hospital/medical management, Election management, logistics management and other things.

it is related because cryptocurrency is also under the influence of blockchain technology , therfor if alibaba use blockchain technology they also support cryptos and they are  possibly using cryptos  .  i salute them because they are not afraid to try something new  . lets just hope that other companies and business will also do what they already did  because that can greatly help cryptos to become more open to the world  .

Jack Ma once said that bitcoin will be a bubble, while the blockchain will become a popular technology,
Alibaba adopts blockchain, not bitcoin
so far I still doubt if this news has an impact on cryptocurrency, because alibaba has not adopted cryptocurrency as a means of payment
so prices will not be affected by the adoption of blockchain from alibaba

this is surely an amazing news as it goes to show bitcoin is moving with the speed of light as it gets accepted more and more by people and companies for usage. i believe soon we will see so many companies and business using bitcoin

Although Alibaba has been trying to embrace crypto, they can't do it at all, because they are in China, so they have to be cautious. They give up all attempts at crypto, only develop blockchain technology, just blockchain,no crypto.
Therefore, we should not overestimate this. This has nothing to do with crypto. It does not have any positive impact on the crypto market.

this is a good news for blockchain, it goes to show bitcoin and blockchain is being accepted and adopted world wide and soon enough we will see other individuals and companies accept and adopt its use. Lets hope for the best for bitcoin

Alibaba is one if the most growing companies and so they might upgrade the level of its online system payment. I'm for sure, not only Alibaba have it's work toward this new Technology but for some local companies also.
This things shows that blockchain technology is really impressing big investors and it will lead into globally accepted system used.

Ali is also offering Blockchain as a Service for Enterprises, and I take it as a good step, making BLockchain available in Asia.

Alibaba is very keen to see opportunities to improve the competitiveness of their businesses. Blockchain that is proven to be very supportive is increasingly being developed by Alibaba to control the items they send to the entire world to get to consumers well and on time. Because e-commerce business is strongly influenced by the accuracy of the delivery of goods.

Using Blockchain Technology can be used without zero use of Cryptocurrencies so There is a possibility that this News may have no impact on Cryptocurrency Industry. Alibaba Group is very positive on Blockchain but not on Crypto yet , But who knows the future.

True, blockchain is something that different with crypto and it can adopted by any section of business. And it can be use by any kind of think even bank. That is why actually it is not quite good news, i mean wouldn't affect much in crypto.

I heard from many news about Alibaba is not working with blockchain and bitcoin, they are not interesting make own new coin or accepted bitcoin or altcoin as their payment transaction, I am confused which one is true information about Alibaba company.

I have heard before that Alibaba owns a large number of patents related to the blockchain. I think that the realization of this will take a lot of time. I already want to see the result.

All this is what we expect
But could consider that Blockchain is a
Introduction to BTC in the future?

(Blockchain  is a propaganda for BTC)