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I just saw their official announcement here https://www.alibabacloud.com/blog/new-solution-for-third-party-logistics_595584 and https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585

The important point that I got is the business model being employed under the 3PL approach includes the use of low-cost and versatile frequency sensors that would be installed inside Shipping Containers to monitor their movements and status via the immutable Credits blockchain database.

And the use of the Smart Payment Service based on the combined Alibaba Cloud and Credits blockchain platforms is a solution that is currently being implemented by the companies in the Chinese market. The Credits blockchain provides secure transactions between the parties to the delivery process and logistics providers, such as DHL.

What do you think about this guys? Will it have a positive effect on the Chinese government regarding cryptocurrencies and blockchain technology? Or even have a big impact on other crypto communities?

The impact will happen to the alibaba and chinese government will not get any impact caused by that partnership. As you can see credits blockchain will have used as a core to build a smart payment system.
Remember about alibaba has already partnered with some crypto project in the past and that doesn't give any impact to the crypto or even project itself.
We must see from the track record of the partnership that has already made by alibaba in the past, did it give a lot of impacts or not?
Sometimes even a big partnership gives nothing and the price of credits goes down even more.

Though I am not familiar with Credits project, but I think this development is really good in crypto in general. Considering the market that Alibaba is covering, and the logistics problem that they want to address, I guess both parties will benefit from this project. Alibaba's savings from their logistics operations will be huge when they implement this system.

Wait, are they using the same ecosystem as Credits as well or did they just took their code to build this on? It's a huge difference. I guess i have to take a second look at Credits updates as i haven't followed them for a long time.

about the Lenovo CEO who commented on that (https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585), basically if the US-China cooperation on the price of Lenovo products last August, it greatly affected the Chinese government, because if Lenovo products were marketed well then it would be an advantage for China as well, especially with Lenovo also cooperating with credits which have obviously been developed lately.

The first thing I liked about this announcement is that this space is constantly gaining attention irrespective of all that has been said and/or labelled the crypto space to be. Secondly, this is a good move although it has been a while I read anything about credits blockchain, but however it shows real world use is coming up and therefore if properly managed will bring more exposure to this space.

It's the blockchain system that got the spotlight though. Meanwhile, cryptos will remain under the government's restriction in China and it's not going to be resolved anytime soon. Although I do agree that the blockchain system has now recognized to be useful and with all these big corporations trying to implement the system for various use and it could probably contribute to the development of blockchain system.

Surely this is a very positive step for alibaba and china itself. In addition, their government is indeed developing its own blockchain.
An impact in the world of crypto certainly exists but not too large. The hope is that with the introduction of the blockchain through alibaba or DCEP later, there will be lay people who continue to learn about the blockchain and surely that learning will lead to the crypto world as well. In the end, they will try to invest in crypto itself.

I'm still curious, what kind of works that Credits and Alibaba provide to solve the logistic problem? And how it works?? Anyone can explain more about it?

Woow, at least a good news in the midst of exit scam and hack rocking this space since last week. I think this will bring more light to this space, at least people will know that there are good things about this space not all the bad things they have heard. We clamour for real uses here it is coming to being and with more of this there will be a new orientation in this space, one which will make developers and team to be serious. Time to know more about this credit blockchain though.

About credits that work with Alibaba, I really want them to work together with other companies in Asia, after China may be Singapore, even though they are a small country their export numbers are very large, so I want to know whether in the future the technology used for credits can also be used on a large scale such as import and export?

So, as mentioned in https://www.alibabacloud.com/blog/new-solution-for-third-party-logistics_595584, Credits and Alibaba produce some kind of sensors which installed in the shipping container. The sensors will be able to monitor the temperature inside the container. And the customer will be able to see the information about the changes in the environment inside the container using the app. And also, the other function of sensors is it could record other indicators, such as cargo weight, the pressure inside the container, etc. That's kinda cool right

of course it is! especially when you know how big alibaba is. . im pretty sure their RD will make this platform huge as well as their current coorperates

Blockchain has too many use cases which might help the current economy improvise over time but for that to happen the industries should start implementing blockchain solutions in their businesses. Alibaba has recognized the importance of blockchain which may be why they have started cooperating blockchain platform in their business model.

This is one of those "where can people use blockchain without using token system or credit reward system works. Like they are literally using it on trucks, where else could you ever figure out blockchain to be used as data center for these type of information to be stored.

I seriously applaud whoever has come up with such a brilliant idea, my father worked 38 years for trucking industry as logistics manager and he has always said that the simplest part of the job is to tell the trucker where to go and that road part, the hardest is the getting the job and loading the truck properly without any mishaps. I feel like these kinds of improvements will improve trucking all over the world and not just in China or just for Alibaba, soon we will see it all around the world.

The fact is that AliBaba, as well as other retail chains such as AliExpress, have a very large turnover and their customers are a large number of people around the world.  I personally would be very pleased if Alibaba would give its customers the opportunity to buy goods not only for fiat funds, but also with the help of cryptocurrency.  I think it will benefit both parties.

Yuli Bai commented that there are many aching problems in logistics atm. And quoting from what Yuli Bai, CEO of the Lenovo New Vision saying,
"Here you can see one of the greatest value of blockchain. The supply chain is the best use case for that, The combination of traceability, transparency, and accountability is the main reason why blockchain enhances the industry. Companies can get a real competitive advantage by using technology. The mass implementation is just a matter of time"

I didn't understand what Yuli means. Will Lenovo be the first company to integrate these solutions? How will it change the logistics industry?

Alibaba entering the blockchain space is big news and any startups they partner with will end up benefiting from their huge user base so invest wisely if these opportunities arise in assets like this that will have a long term viability and that can develop high profile partnerships of this kind

Blockchain based smart payment services will be very helpful in businesses such as shipping services and logistics providers, but the progress and creation of this platform will not affect China and I think it remains unfriendly to crypto. This platform will not have a big impact on the crypto community, but it will probably pump up prices for credits.

this is only limited to real blockchain credit system applications, I am happy to read it. I just haven't seen the influence of crypto that will be involved in which part, especially in relation to DCEP in the export / import category because this is where the taxation element will be included. but this will indeed have a wide impact on local business circulation and I'm sure new news will soon emerge from the use of the blockchain other than alibaba there.

Alibaba is just a tiny portion of the entire Chinese Economy and i don't see how their adoption of blockchain technology in the operating of their services would affect the decision the government has taken about cryptocurrencies. This i think would rather encourage other industries to inculcate the blockchain technology in their operations as well especially when they see the success rate of Alibaba.

I really like how credits see the opportunity in logistics industry. With the serious problem like the shipping trust that make the client worried about their goods. So, they make a cooperation with Alibaba by providing the product that can track the client goods while shipping. With that, I believe their product could provide efficiency and effectiveness in the logistics industry. Two thumbs up for Credits and Alibaba.

So about the Credits and Alibaba collaboration. Can it solve the problem of transparency of the delivery process and its conditions?

I think that with Credits and Alibaba technologies will allow for building trust between the suppliers of goods and consumers. They both proven technology with multiple benefits that the logistics industry can rely on

i think so, i believe that they do aware that The advantages that blockchain can bring to the logistics industry are numerous. can't wait to see what their up to. .

I think China wants to work with blokchain. However, this model is not easy to implement. He doesn't want to break the balance when he moves on to a new currency system. trade war with the United States and China. China does not want to lose the distance covered in this struggle.

when is this partnership (or collaboration?)  announced ? and why a drop in price for CS (credits?)

Will that be a public chain or a private chain? Secretly a few of big companies use blockchain for their process management but everything is private. They do it for the tech and not for trading coins or making any profits as such. The government is not interested in such private blockchain stuff especially if they're coming from big corporate names.  The Chinese government will continue to impose rules on cryptocurrencies in general.

Tbh what kind of goals between Credits with Alibaba want to reach after they doing collaboration ?

Is 3PL the same system as checking goods at the airport? if it's like that why should use difficult technology like this?

actually not much different, but by using the existing system on these credits will be safer, they use temperature sensors to scan goods in the box and become data, the data is entered into the system blockchain credits and sent to the client, the client himself can access application and enter shipping container number, so they can see all the information that is on their order

China has recently been very much paying attention to cryptocurrencies. But it seems to me that China is displacing all cryptocurrencies from its state. Since it prepares a place for its own cryptocurrency. Therefore, Alibaba will be very difficult in the Chinese market. Recently, there was news that the Chinese authorities are struggling with all cryptocurrencies and exchanges. As well as bitcoin is recognized as an illegal means of payment. Many institutional miners are leaving this country.

I think they want to solve some issues in the logistics market using blockchain technologies, like payment service maybe or anything else

thought with their collaboration in logistics industry they want to solve the trust logistics problem by providing a reliable and transparent delivery app for customers.

I read the news about their partnership in early December and the news was published on November 26, this is the news https://www.alibabacloud.com/blog/new-solution-for-third-party-logistics_595584. And I don't think the price of credits will necessarily decrease (or increase) cooperation with Alibaba, it might be able to increase interest token holders. I'm new here and my predictions aren't necessarily true.

Makes me wonder if the adoption of Blockchain technology for our current monetary system will trigger a massive boost in our economy? After all, Blockchain provides many benefits that are hard to ignore for our central banks and governments worldwide

Obviously technology will be leading here. There's a lot of technologies that can be used and I don't think the Blockchain technology will be left out

I read that about the current model of operation of 3PL solutions is entirely centralized, why no use "decentralized" system ? how big is the different centralized with decentralized system ?

i know right, especially when they already do acquired a long and productive experience of developing advanced technologies and forging partnerships for international blockchain implementation in order to increase their presence in the IT market. it shows that blockchain got long way to go ahead. .

We've read a lot of news about it. Alibaba officials also repeatedly rejected them. But now they say they will implement a blockchain-based business development on their blog. I think they've learned the value of the blockchain now. And the benefits of the blockchain to them ...

So good news for all of us. Blockchain will expanding day by day... Soon everyone will be learnt about Blockchain.

Alibaba is a global brand and such a collaboration will help further the cause of the blockchain space; decentralization.

With them partering with Credits for logistics, definitely blockchain technology will be employed in data storage while providing real-time information on goods and their state as they are being transported.

What decentralization have something to do with a big company partnering with another big company it just doesn't make sense. Their blockchain is also centralized and probably not for creating crypto but instead to help their system work efficiently and have nothing to do with decentralization.

I think, centralized system is like all parts/sections connected to a central network and the decentralized one is like they use multiple central network, so they don't have one central owner. And for the different, maybe they are opposition to each other   

Just a quick one. I’ve just created a web wallet to store my native cs in once the swap is done. I’m currently storing my cs on mew with my nano ledger. Is the web wallet secure or would it be safer using the desktop wallet?

From what I know, Alibaba already has its own payment method, Alipay. But if Alibaba decides to jump into the cryptocurrency or blockchain market, I think it will be very good because Alibaba is a pretty influential company in China and this will influence other companies to jump into the cryptocurrency market

this will be big news ...
Alibaba is a large company from China and has a large business unit. I'm sure the project will have a big impact. what's more now that China has supported the blockchain project, this could become a new force in the cryptocurrency market later. I can't wait for the project to be truly released.

I fail to see what project you mean. If it is Alibaba, then it is no news as they are already utilizing blockchain technology. It won't matter much to the crypto space though as its not placing a use case for cryptocurrency

I saw at https://www.alibabacloud.com/blog/securing-deliveries-with-smart-technologies_595585, I just want to asking, how big is the impact of the smart payment service to us as the customers ?

this means that the use of crypto technology can be done without payment by the crypto method. so it is more knowledge for people who do not have this information. it never hurts to provide this information, who knows this information is useful for some people in this forum

Maybe Alibaba will use the technology blockchain but that doesn't mean they will jump into the cryptocurrency market because they already have their own payment method, Alipay. Blockchain has become a technology that will be used by large companies and I think it is not surprising if Alibaba uses blockchain to secure their data, it will be a surprise if Alibaba releases its own cryptons

It gives us customers a big impact, let me give you an example. Lets just say that I want to order a product from you who lives on the other end of the world. This transactions need intermediaries capable of carrying out the delivery and ensuring its safety and integrity, yeah? So the problem is theres a lack of trust between the parties involved. Thats why Alibaba and Credits partnered up to develop this Smart Payment Service. It can reliably provide safe transactions between the seller and the buyer as part of the express delivery service provided by logistics providers

Yup I get what you are trying to say and that's not wrong too. Because of that, any service based on smart contracts allows its users, such as you and him to automate the transfer of funds from one owner to another when certain conditions are met. The payment is made automatically when the buyer receives the goods delivered by logistics providers, as the smart contract’s terms are immutable and stipulate instant execution.

the point is, they collaborate with Credits who have solutions to problems regarding transparent delivery processes and conditions. On this website https://www.alibabacloud.com/blog/new-solution-for-third-party-logistics_595584 there is information about what they are working on together, you can also read it under the subtitles "The Credits Blockchain and Alibaba Cloud Based Solution ".

Yeah I think so, nowadays it's such a normal thing to see the big company such as Alibaba using blockchain technology, even Samsung now released
Samsung Blockchain Keystore which is a blockchain-based system that implemented to their phones. It's just about the time to see the whole big company using blockchain technology. But I think, with this collab with Alibaba, it's a big improvement for credits to prove them they can make a relationship with a big company and maybe with this, the credits price will go higher.

Any majorly big corporations that have made the decision to support blockchain and cryptocurrency technology is an good move for the crypto space. This means cryptocurrency is finally getting its long overdue respect and adoption as being an innovative and beneficial technology.

True, same with their President mentioning blockchain and maximizing the use of this technology but did not talk directly about cryptocurrency.
It will bring impacts if more news regarding to this information will spread out and keeps on attaching crypto and not only blockchain. Adoptions
might also take place when people around this business will see the actual helps of crypto since it was made inside blockchain.

I think it's really helpful for us, smart payment service provide safe transactions between us (as the buyer or seller). So we don't have to worry (again) when we have to do a transaction, that's one of the best innovations I ever seen

Which type of blockchain is more secure to use ? centralized or decentralized ?

Why does Alibaba partner? Jack Ma himself can develop new blockhain. Computer engineers can work on this issue. A partnership can be made. However, I interpret this situation differently. I think that only Alibaba.com's name is being advertised.

I think decentralized blockchain is more secure because on decentralized blockchain you can install software nodes as the guarantor of the data's safety and validity

This is really good news for blockchain believers in China. In fact, blockchain technology has been widely used in European countries in logistics and it actually works quite effectively. This is just one of the must-have steps in the future of the potential blockchain market. I can predict that after 10 years, service or retail businesses will need to use blockchain technology so that everything can be deployed faster and save more labor.

developments involving blockchain have become too mainstream and from year to year the projects that carry out these developments also don't last long. in my opinion it is not a benchmark that the market or country of China will get a big influence. if the profit is large from a related company, maybe it is and maybe the goal is like that

In my opinion, blockchain technology can be applied in various business sectors including the retail sector because it is more secure in data storage. Using blockchain technology does not mean that Alibaba will publish its own cryptocurrency because blockchain technology could only be applied in their applications to secure the transaction data they have

Alibaba is the largest e-commerce company in China with worldwide coverage. It is not impossible if Alibaba adopts the blockchain and makes a new system the project will be successful.
The project is worth following and supported, Alibaba will develop new projects by adopting the blockchain.

Talking about the partnership between Credits and Alibaba, how does this new system works?

This system starts with the special sensors being installed inside the shipping container. Because it was installed, it will be able to monitor the temperature inside the container along with other data and then the data will be stored on the blockchain network and sent to customer support service application. It requires the information about the state of temperature inside the container that always be updated. And not just the temperature, the sensors can also record other indicators.

I think it is true, blockchain technology can be applied in various business sectors since it makes the job more efficient and safe some money.

One of the things this space needs is massive adoption into either already existing projects or otherwise; from this news, it shows blockchain is still being recognised as a good technology worth using. So yes, it will have a positive effect on the Chinese government's stand on cryptocurrencies at least it will make them have a different view about blockchain since one of the largest e-commerce company is working on using it. In the same way, for the other crypto communities, it will also have a big and positive impact as well.

of course it will affect the crypto market because China is one of the biggest holders in crypto, whether it's bad or good.
which will definitely give a change.
and I'm also curious about how much influence Libra will have on the crypto world.

Yes and also, the human factor in data corruption is common in centralized systems, thus rendering them vulnerable to error. In other side the decentralized system exclude the human factor altogether as the data entered in the blockchain cannot be changed and is received directly from tethered devices

I think slowly every corporate would be willing to enter the blockchain world using some tactics. This is Alibaba's try, we have already heard facebook's libra to enter the arena slowly you would see companies like Amazon, Google and Apple entering this world too. These would be real ICOs which could revolutionize the whole world and bring the world over blockchain. I think all these projects are worth following. Due to the great strength in blockchain technology a lot of investors will be wiling to invest in these projects too.

moreover, on credits, it is a blockchain platform that offers an out-of-the-box, full-scale solution like loyalty programs for example either large and small merchants.

loyal community that already exists on alibaba, will certainly help the ICO that they will carry out, by reaching it in the crypto world, meaning they see crypto opportunities for the future, of course we look forward to attractive promos that will be at the beginning of their journey to the world of the blockchain. lucky for us who already know blockchain, so they can quickly take advantage of this opportunity later

Do you guys think with the collaboration of the Credits and Alibaba it will bring a massive impact to industry?

yes I think,, especially in the logistics industry, with the collab between credits and Alibaba they will make a new innovation to solve the shipping problem and also provided smart payment service. I think that's clear to see the benefit that credits and Alibaba provide.

Yes it will bring a huge impact to the industry, especially for the Chinese government because it makes it easy for them in the logistics industry

i don't know but from my point of view it is Credits who wants to spread its wings to various industrial lines. They collaborate with various industries, such as mining company IVHIMPROM, LENOVO & IBM computers, and even e-commerce ALIBABA. but I also don't reject your opinion that alibaba wants to enter this field, so let's continue to support the blockchain platform.

They don’t know the exact reason why but its good that they adopt a blockchain instead of creating their own and maybe, they want to work with that company and later on be the owner as well. Jack Ma has the capability to do what he wants, he’s a billionaire but since China is still the boss of Alibaba they have to create a decision that will be in favor to them and to China as well.

This cooperation is a positive news to blockchain and crypto, a big company like Alibaba will make blockchain become more popular and more useful in real life. This project is really worth to follow, but not to invest in. Right now, this project still under control of China goverment and they can shut this project down anytime they want. I suggest to follow this project technology and do not invest this moment.

So Credits and Alibaba partnered up together to develop a transparent blockchain powered Smart Payment Service. Is the process difficult to use for common people?

Cooperation between Alibaba and China is a political manipulation for profit. Where at this time as is known the rampant application of blockchain technology in China, China is working hard so that their crypto creation can be a very necessary thing. That is one of the ways in China to boost blockchain technology that they have adopted to be applied to big markets like alibaba because if China follows competition in the crypto world with other crypto it is very minimal. And they will not get much benefit from it. That's why they are working with alibaba. Here I highlight is the blockchain technology that has been run by China. And this will certainly have an impact on the development of the altcoin market in general, although in the past alibaba had tried to integrate altcoin in their trading system and that had no effect on the development of altcoin, but here I see an ambitious role of China.

Project like this will also exposed the potentials of regulating crypto if in case they are planning to have a integrations after adopting blockchain system to
their business. We know how keen Chinese government in terms of controlling businesses. It's a good sign  for more exposures since crypto is being noticed
all around the world, Blockchain will be the deliverer of many businesses to embrace cryptocurrencies.

I think the process is not that difficult, even common people can do it. The whole process kinda looks like this :
1. Sign up an account on Alibaba Cloud
2. Get an access to virtual computing environment that includes the CPU, memory, OS, bandwidth, disks, and other basic computing components in the Elastic Compute Service
3. Install git on Alibaba Cloud instance
4. Install Credits node software
5. Set up environment variables
6. Connect your application to Credits network

Yeah simple as that

that's really simple and common people can understand it easily. but the question is that feature can be used to do another transaction other than logistic transaction? the real expansion by credits to the chinese market looks a very big step and i glad to see the implementation has already started.

So, how the smart payment service works? I still don't get it

Why do you suggest not to invest this moment at time? Isn't it a promising project from Credits?

Yes, why don't you invest now? I'm sure this is a promising project. Maybe this is just their first step (in collaboration with several large companies) could be in the future they will cooperate with other company companies in order to expand the blockchain wing again

So first the vendors create a smart contract in the smart payment service and the client will receive the smart contract and send the funds to the credits smart contract. Their funds still stored till the fulfillment of the delivery condition and then after the client receive the package and sign the acceptance invoice, the stored money will be transferred to the vendors by blockchain.

Oh Wow! This is great! Another big company vhooses blockchain technology on their system. This move really proves that people and companies really are adapting Blockchain Technology and Cryptocurrency on their systems. By doing this, they are making their life easier and their system more secured.

This is a PRIME example of blockchain use case, honestly what a great idea. Alibaba is like the chinese Amazon too, they are super legit AFAIK
The chinese gov is moving more and more towards blockchain adoption, and shit like this definitally DOES have a positive effect on their view of the tech (and then BTC itself, not that they DONT like it NOW totally)
2020 watch for China or another country to announce something huge i bet. something thats been being built for years now  :O some kinda DAO or some shit

I dont think that it can do other transactions coz credits and alibaba partnered up to develop a blockchain system for Chinese logistics industry
So I think that it can only be used in logistics transactions. Plz correct me if im wrong tho

Alibaba's cooperation with the new blockchain platform is extremely important. This project is worth watching and paying attention to. Business model being used under 3PL method is a good new model and very special.  ;)

These people will have a major impact on the Chinese government regarding cryptocurrencies and blockchain technology. even affect other currencies and more, will greatly affect the Chinese economy.

Alibaba is a huge procurement and e-commerce service that is used both locally by China and globally. For this reason, it is clear that any kind of innovation will make a difference. Therefore, it is important to follow the developments in the field of blockchain chain technologies. Although the Chinese government, which is headquartered, will force or prevent some conditions, I think that this company will do a successful job and will be the pioneer of its sector in this field. Therefore, I think that the relevant news should be followed.

Alibaba is an extremely famous and reputable brand. If Alibaba cooperates with the blockchain platform, this project is worth the attention of people. Follow that project right before you can.  ;)

based on my opinion the smart payment service is still focused on logistics transaction for now but by seeing the benefit they provide, perhaps they will implement the technology to other industries in the future

What does Elastic Compute Service do for the system?

I agree. especially companies that are well-known and tested for their products. of course it will be easier for marketing, especially if you already have a large community. so don't be surprised if there will be many investors waiting for them to look for projects that are safer and profitable

What I know is that ECS is an online computing service that offers elastic and secure virtual cloud servers to cater all your cloud hosting needs, it provides fast memory and help you to power your cloud app and achieve faster results with low latency

The Chinese government is trying to adopt blockchain technology and they are already regulating it and I think big companies like Alibaba will definitely follow it. If there are some big companies like Alibaba adopting blockchain technology, I think this will affect the cryptocurrency ecosystem because China is now the largest economy in the world

How does the 3PL method works on it?

The cycle of 3PL operations is quite simple to be fair. A company places a product for sale, the client selects the goods, orders the delivery of said goods, and the company turns to a logistics companies that undertakes the delivery of the product

Alibaba is creative and innovative company, they will take any opportunity as leader for on line business. I'm not surprise with their move even I hear sometimes they also gambling with high fund to get place as the main purposes ( not income ). If you're interesting with their project just follow their news from official web to know the progress. You also need to manage risk that could happen if you decide to join, famous company can fail also.

Alibaba claimed the number one spot in WPP and Kantar’s annual ranking of China’s most valuable brands. The annual report awards ratings based on financial value, as well as the opinions of people who use and buy from brands. so shout out for credits that can do project together with this caliber of company!

Considering Alibaba as a huge name while trusting Credits for collaboration then it could be something. All I know about Credits is they aim to achieve the 1 million transactions per second speed, though I don't know if they had achieve this but tbh this made Credits became successful in their ICO. And with that, we can anticipate the demand in CS token as so the value.

This may not have big impact on crypto community but definitely it will be on Chinese government. Let's see what will happen next.

That's great tho for the Chinese government especially in the Logistics Industry. But I dont think that is gonna have a big impact on the crypto community because even with this partnership, CS is still low on price

But i'm afraid it won't make a good impact on crypto, right now china is so much incessant developing their own blockchain, and if they found something better than bitcoin and other cryptocurrency people will leave cryptocurrency and move to their self made blockchain which is bad for crypto market

We all know that crypto is hype right now. Even if its hype it still need something new for it isn't it?
So what do you guys think that the crypto world or crypto community needs at the moment?

precisely because they are new and brave to work with large companies like alibaba they will slowly be well known. moreover, alibaba is one of the biggest companies in china (even asia) it will attract more new people that interest to this blockchain thing.

I think that crypto needs more awareness and adoption but it is kinda hard for those who are not open to embracing this kind of technology

It will not directly give a big impact to the crypto. At least, that will be proven if crypto must be considered as a good thing that can give benefit to be used by the centralized entity. that gives an example to the china about how good the crypto when it used by the right hand. credits must become an anticipated project that will grow a lot next year.

Crypto needs a legit sector or access that will check the project throughly
Not related in government sectors but merely in crypto community which are not under money or not into money
Its rather impossible, but if there's someone who will join force to study and determine it will help newbies

Honestly, there's no hype at this moment like everything is on the normal yet ready mode for the bull run anytime however seems the bear don't want to leave us. lol!

Anyway, this project wouldn't succeed over night and it surely takes time to say it will be a success.
Regards with the collab.

What made credits make a partnership with Alibaba? I mean there must be an excuse behind that right? And what do you think about that?

I think that if there will be a private sector that will be built to filter every crypto project and everything that needs to check in the crypto space then there will be a proper and standard way of maintaining the needs to make crypto a better use not only to old users but including newbies...

Now that more countries are starting to go cashless is it possible that it also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages?

Credits and Alibaba made a partnership in logistics industry that increase efficiency by building trust between suppliers and consumers.

Well any form of partnerships with blockchain and businesses can't be a bad thing that's for sure. How it will affect the price and more people investing into Credits as a blockchain business itself/ That has to be seen. Chinese and the Chinese Government behave differently around Crypto that other people and countries, there is a different mindset per Se as to how they view the technology and how they associate themselves with risk. They are risk takers, but also they want to dominate now this space. The last Speech the Chinese Premier gave was  a big hint and a command to the Chinese people, basically telling the Chinese, we want to dominate the Blockchain, be the best but we also are highly regulating the risk associated with it by promoting our DIGITAL RENMINBI/YUAN. So the impact on Credits price will be quite interesting to watch, if there is a positive one, that is. 

I personally think that it gives an advantages because I use to pay virtually and it prevents petty theft

The adoption of blockchain technology is continously growing each passing years but still big companies like Alibaba are still hesitant to integrate cryptocurrencies with their payment system and I bet that they will just create their own coin/token instead of accepting crypto that is available in the market.

The moment all the countries convert to cryptocurrency would be the beginning of many amazing things to happen to the world and the financial sector, the process sending and receiving funds worldwide would become very fast and easy, it would lead to growth of businesses and make life easier for citizens of the world

We are towards the cashless society, unfortunately the one in the governments mind is the digital money not crypto currencies. Crypto do give a big benefit for the users, its very easy and convenient to use

we are of the same mind, I am sure all of these things will be safe, this concerns many people's data and they are fully responsible for protecting our rights as well as customers. maybe the disadvantage is we have to pay more but it's worth to spend

Because credits know there were still had a lot of problems especially in the logistics industry such as damaged goods deliveries, time delays and other issues. So they made Alibaba as their partner, knowing that Alibaba is one of the largest e-commerce in the world. That will bring a lot of changes in logistics chain I bet.

I think a country need to regulate the crypto before trying to adopt it, the reason is because crypto is decentralized. Without any balance using fiat and crypto it can cause serious inflation to the country

Yeah I got what you're saying. If crypto is being implemented correctly, it will create a better economic situation for the country

That's true but unfortunately, people still didn't recognized the crypto. even though crypto brings a lot of benefits such as fast, transparent, and secure transaction. But someday I believe the cryptocurrency will be the important financial aspect.

I understand that storage is very important for the logistics industry, but what can they develop with the blockchain here?

China has recently been very much paying attention to cryptocurrencies. But it seems to me that China is displacing all cryptocurrencies from its state. Since it prepares a place for its own cryptocurrency. Therefore, Alibaba will be very difficult in the Chinese market.

They develop a transparent blockchain powered Smart Payment Service to streamline operations and reduce costs. The appearance of it and cloud based logistics solutions allows building trust between suppliers and consumers. Its an old challenges that requires new solutions that Credits and Alibaba gave in this project

Alibaba is a well known corporate organization that is highly placed. What people may doubt is their ability to go into cryptocurrency and succeeding in it. We should fold our arms and see how positive things unfold.

The role of cloud storage here I think is very good because it is also impossible for the blockchain to work without the support of storage, with blockchain technology combined with alibaba cloud storage it becomes the right combination for information security in the logistics industry
it also saves costs and can be allocated for others

i want to know what they will look like in the future after partnering with alibaba, maybe 2020 will be the year of credits? I think the steps that credits made in the development of the system are better now
and the effect on industry in China is that cryptocurrencies can be better known by the people and add new users and even new partnerships

Seems to me that credits works without days off and sleep

I don't think Alibaba agree with using payment with bitcoin and altcoin because Alibaba's owner look not funny with crypto world, after last announcing by Alibaba's owner they not agree using payment with crypto and become bitcoin as selagl currency I think just their joke for giving opinion about agree with bitcoin and altcoin.

Of course, if a project like Alibaba makes its own coins / tokens it has something that is striking or different from the others, so people are more familiar with it. and also making your own token is the same as creating a new business, of course this is profitable and the strategy of merely adopting makes people more curious, and the impact is not necessary to do more marketing or promotion, because people already know it. but what is more important is features or comfort and how important they are.

do you have source when or where Aliababa's owner said that they not agree using payment with crypto? im curious

Is this for real? the last thing I heard from alibaba is that they are going to launch their own cryptocurrency that will be going to be friendly with the Chinese government. What happened on this one? And then there's a mining platform they have launched. Where'd you get this information? Alibaba is one of the giants in world and they are very influential so if this must be true then I can say that, that is the worst decision they have ever made. I just can't believe on it, I can't find an article regarding this, kindly share the link.

The platform is developing at a high pace, but it is very difficult to get a result in the price in the market now moving away from the bearish trend but the future is interesting

Maybe 2020 will be Credits year, maybe it isn't Credits year its a 50-50 chance but yeah I agree with you about the development of the system indeed its better now
In the future maybe just maybe it will effect industry around the world

I've read the news about this, this is the best news I read in 2019 about cryptocurrencies. Alibaba is a big company in China, Alibaba Founder "Jack Ma" is an influential person in the world, this is great for the cryptocurrency ecosystem especially "Credits".

i think the credit market this year has been the best since they started
i also hope that in the future they are still on work to improve their performance, and i think if they continue like this they will be able to touch the international market in the near future.

Alibaba is a large company in China that is already global, although it will not directly affect the world of crypto, but at least this project is worth monitoring in the future.

If they maintain or had a great work of pace than before no doubt they will able to do that
I this case only time can tell just wait and see I guess

I think that Alibaba has recognized the importance of blockchain which may be why they have started cooperating blockchain platform in their business model

yeah, I think they are using people from ASPIRE, CIS and ITEORA for their software devlopers because I looked at the news credits page, the software integrators are 3 of them there which is ITEORA (which I read on the website) is a new start up support company but they also working with CIS who have long struggled in the field of software
Im sure their software engineer experience has enough experience.

not so many blockchain company is playing in the logistic transaction. alibaba knows the potential of that field and credits is trying to provide a very scalable blockchain. I believe if this cooperation will go very smooth and we will see more coopeartion with blockchain platform to be implemented into the various ways or service.

I do not believe so because many projects borrow the reputation of such large companies, the collaboration here is just the article and the information is spread, it cannot prove Alibaba has a close cooperation and even when this cooperation is confirmed by them, oral statements are unreliable, so we need to consider more. If the project has bright spots and plans to impress and attract investors, it's worth watching, if not, I can only say sorry, reputation is not everything, the investment is based on the quality of the project

It will become a huge start for the ecommerce industry to have blockchain technology in their system. Alibaba is one of the most successful ecommerce business in our world and Jack Ma is a wise man, so he is aware with the power of blockchain technology and just like what you said, if this thing succeed then it will most probably open a lot of opportunities to other industries also.

The hope is that with the introduction of the blockchain through alibaba there will be lay people who continue to learn about the blockchain and surely that learning will lead to the crypto world as well. In the end, they will try to invest in crypto itself.

I think the more people learn about cryptocurrencies, the more cryptocurrencies will appear

yeah we hope so, all the things we should do now is to support the credits. no matter what, as time goes down credits will be able to reach the peak.
They deserve the best place bruh

partnering with Alibaba is the big move from credits i think. it'll affect the industry especially in logistics, and i'm pretty sure that 2020 will be the shining year for credits by seeing their plan and project for next year

Very exciting development. Alibab platform intends to enter this business. But I think he has some reservations. It's not easy that change. If a new payment system activates such a large platform, everything changes.

no system safe, but with blockchain credits and alibaba cloud it will be a good combination
all data privacy police, delivery system all integrated are safe with credits

Partnering with a blockchain company does not mean that Alibaba will launch its own coins or tokens because Alibaba could only want to use Blockchain technology to secure its data. Alibaba is a business entity in China and I don't think they will carelessly issue their own cryptocurrency

Alibaba would like to expand their wings and this is not shocking not only them are started to look up on blockchain tech but also other bigger player such as PayPal, IBM and many huge services company. Blockchain really is advancing as modern company now tend to follow thru the same path. This is a nice partnership though and credits starting to gain traction on market.

For me, it is worth it to follow this project for sure it has an impact on the crypto community either it will fail or not. It will spread awareness to the public about blockchain technology, China has already declared that they are tokenizing their own national currency ahead of the US no doubt that is why some companies are making this kind of move and adoption.

Thread about china tokenizing their own national currency: https://bitcointalk.org/index.php?topic=5188288.msg52580995#msg52580995

Ali is already a multi-billion dollar company alone. integrating blockchain tech will save them a lot in operations. maybe the reason why they are significantly considering this tech to be integrated in their system.
and as for me, this is worth to follow as compared to other sh*t projects out there. here you know, there is real company and not only ordinary one, but a huge one!

One of the main benefits of using blockchain technology especially in Government entities is that it could drastically reduce the operating costs needed for a particular process to function if compared to using traditional methods

This could absolutely boost a nation's economy but I doubt it will be in massive terms but at least its already a huge advantage for early adopters

I’m turning my eyes towards staking alts since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining, 2020- stake ?

Staking is also not that simple as it looks like you need to invest in the coins itself as each and every coin has there bare minimum balance required to start staking

All things could happen. the problem is, many of people seems like still blind about cryptocurrency. But nowadays its pretty easy to gain new info right?
and i think, cryptocurrency will be a vital thing in the future

Credits will demonstrate why its a good solution to some tasks!
Nowdays this time we could call it finding your target audience, the Credits community has grown strongly in recent months Asians are the base naturally good things will come from here, Alibaba is a fair tribute

Maybe later on other companies will also be interested in CS after the partnership announcement with Alibaba

Actually, I prefer cryptocurrency rather than digital money based on security and flexibility. But, it can't be applied in society because changes in exchange rates and the timing of changes are very large and very fast

Yeah, because of those reasons it really hard to be applied in the community Even though I strongly agree with cryptocurrency rather than digital money

But for this to happen they need to see the results of this partnership first

sure and also they do make progress. i just heard that The chart of people who are using cryptocurrency shows the leap counted almost 20 million within the period between 2016 and 2019. let them take their times. .

so i want to open new discussion too about credits (or blockchain platform), what segment of society can it affect primarily?

We don't know the  real intensyon since alibaba owner might supporting their President, Alibaba's executive are the taking care of this business since
the popularities of blockchain system is emerging, this technology are getting a lots of attentions and if alibaba will adopt the process then it will help
them maximize the benefits of this new technology.

same here, i think it would take a very long time and regulation to be applied in society because of those reasons. but someday I believe crypto will be used as daily transaction by society.

Yeah, cause of the algorithm changed which means the process will be changed too and I think it need more time than 1 year to finish all of its

retailer and of course customer are two of them maybe, cause Credits platform is one of the first projects to introduce the innovative blockchain solution for loyalty programs. from what i heard the loyalty program market is expected to reach 4.59 billion by 2021 which is enormous

New algorithm means a change in system development which is a big change for the company and requires long planning to make it happen and the time is quite long

I think it will has a big impact, the reasons are Alibaba is one of the big companies that has a big influence on the economic sector in China and the other reasons that many people use the services of the Alibaba to buy goods

It could be a threat also for the cryptocurrency industry. If china succeed to develop their own blockchain and alibaba use it and force the worldwide buyers to use it if they want to buy some stuff at alibaba, china's blockchain payment will dominate the world payment and i'm sure people will leave cryptocurrency and bitcoin.

So, it's like double-edge sword ? it can be both a potential and a threat ? seems it's like can be a serious problem for cryptocurrency world

I hope so but we will see that in the future. What we can do to put a big expectation when that will become a successful partnership and that will bring credits at the top of the CMC. we are credits believers.
But you should remember if that will play a very important role at the logistic service.

I dont think people will leave bitcoin and cryptocurrency immediately, because they have their own unique point that makes people still stand alone with them.
As you know, bitcoin still a hype for now and i think it would took more time for china's blockchain to used worldwide.

I mean people could leave if Chna succeed to develop their own blockchain to be fair if China succeesfully done it, it will make China greater than any country and it will be hard for other country to compete with China

By seeing the situation, it makes me wonder what will happen if china make their own cryptocurrency. that would be very interesting tho

there are a lot of industry segments in the country that can be entered by the blockchain platform, but the most common thing i know is that industries need smart contracts to improve current business for faster and secure way of doing business

well they probably do, but credits got a lot of experience with thus kind of things so for me personally credits got way ahead from them

If China make their own cryptocurrency then well done thats great for them and obviously they will dominate the world if they succeed

Credits just tweeted that they just had an partnership agreement with FinWhaleX for cooperation on cryptocurrency loans another dub for Credits I guess

yeah... with the big amount of people and market they will lead in the future. And sometimes i think credits did a right job with making a partnership with Alibaba

I think the team is capable of delivering what their roadmap states
A good project with a great future an experienced team... I hope everything will be all right in the further time

Thats a good move by Credits I mean its good news to all stakeholders strategic decisions like this will help the reputation of the product itself
Hope they will announce many partnerships in the further time

What is the benefits about this partnership for Credits holders?

So basically you can borrow crypto via cs with low interest?

After reading the news about it the main benefit about it is that the holders don't need to sell their Credits assets to get the funds they need and also they can also borrow money into credit coins by providing guarantee and to get their guarantee back they must pay off the payment they made first

so, what smart contract impact with the ordinary contract? no different i think because it will hard to follow

I thought that way but I think you are able to pledge your CS without selling it in case that you need fiat to be fair its a usefull service imo

Credits never disappoint us. after making a deal with Alibaba, this time credits take the opportunity to partnership with FinWhaleX.
i believe this partnership will help to increase the demand of CS token in the market.

Smart contract impact  with ordinary contract? Did you mean the difference between them? I you think that there is no difference between both of them then why did Alibaba use Credits Smart Contract if they can just use the ordinary one? So there is must be a difference between it

so back to the big question, "is this project worth following" of course it is! they don't stop making agreement only with alibaba but they do make progress with making another agreement with other companies

I personally think that the main benefits offered by the partnership agreement include the elimination of currency gateways as intermediaries to the loan issuance process

Alibaba is one of the most successful business in the world today. It is also the most trending and phenominal online shopping in the world. It made a million of dollar in a week or even a couple of days because it has a lot of customers. That is why having a blockchain will also help it to grow not just because of relation to cryptocurrency industry but in terms of transparency and decentralisation.

Indeed they are! This partnership surely will have a positive impact and it will help to increase the demand of CS token in the market which will be beneficial for Credits users as well

Alibaba's blockchain logistics is almost completely supported by the government, in general the application will have an active effect.

The market cannot yet analyze how effectively the pattern will be applied by both, but I am not sure that credit (CS) will be at the top of CMC just because of this, only a kind of partnership will still be more profitable for Alibaba in a real corporate approach.

I think so, and if that were right i believe many of people got interested with credits and FinWhaleX because they provide a very beneficially product for
the community

no doubt about it. alibaba and credits provide the solution to the problem that logistics industry facing right now. So it'll be very useful. And i think not only logistics industry would be affected by the collaboration, but other industries will also be affected as well. credits have done a great job.

yes it's clear they "open the door" to other industries to use blockchain technology
and credits prove blockchain can enter any industry line, not just finance. what a great move by credits ;)

Yes they dont stop, 3 days ago they announced at their twitter that they had another partnership agreement with FinWhaleX for their cooperation on cryptocurrency loans

oh seriously? so now we can loans on cryptocurrencies? it starts getting any better! i also think in the future we can use credits as a payment maybe

Yeah seriously here is the link if you want to know more about their partnership
https://twitter.com/creditscom/status/1206945922938294277 (https://twitter.com/creditscom/status/1206945922938294277)
I know right its getting better and better now lets just wait and see what they are gonna do next

are you sure working with companies like FinWhaleX will make the impact of lending safe on the blockchain network?

Yes and why not? as long as if that was a good cooperation and that can bring positive impact to the crypto and i think credits must do that. Remember in this case credit will act as a facilitator to the finwhalex. But i hope a better partnership will come along the development of the credits blockchain.