A subsidiary company of Alibaba and General Electric are working on the introduction of the blockchain

Two subsidiaries of the major international organizations announced their success in implementing and studying the blockchain in logistics.

Lynx International, a subsidiary of Chinese Internet giant Alibaba, recently announced the successful implementation of the technology of the blockchain in their international logistics operations. According to the company, the system based on the blockchain keeps track of all relevant information about the delivery, including production data, shipping methods, customs, inspection and verification of goods by intermediaries. Technical Manager of the company tan Ren (Tang Ren), said:

«Although the concept of the blockchain appeared and began to spread recently, it has very wide possibilities for implementation. We firmly believe that this is an Internet technology, not a tool to speculate in cryptocurrencies».

Once the data is written into the system, you can view them and check, but under any circumstances cannot be changed – which is why the technology is popular not only in the industry of cryptocurrencies, but also to monitor the supply chain, which involved a lot of contractors and contracts.

This step is not the first initiative in the industry of blockchain and cryptocurrency from Alibaba. In may last year, PwC and Alibaba announced that they are implementing the blockchain for the food supply, and in March its financial arm Alipay announced that actively recruits specialists in the blockchain for the development of the potential of the technology. In addition, a month and a half ago, the company said that the platform launches cloud mining.

GE attaches to the blockchain-the consortium

The transportation division of General Electric joined blockchain consortium. GE Transportation announced
last Thursday, on the entry into the Blockchain in the Transport Alliance (BiTA), the purpose of which is to develop standards for the use of technology in the freight services industry. The consortium also includes UPS, FedEx and logistics division to a Chinese company JD.com.

In a statement, the company noted that she joined the group in an effort to explore potential applications of blockchain technology to optimize their operations.

«As the company GE Transportation is expanding its capabilities for the implementation of a larger supply chain, it is important to properly link the partners and customers at different points of the chain,» — says the head of sales GE Transportation Lori Tolson (Laurie Tolson). «We look forward to the opportunity to contribute to the work of BiTA, as we strive together to harness the potential of the blockchain in the industries that we serve.»

Earlier, General Electric openly admitted their interest in the technology of the blockchain. Last year, the US Patent office was filed five patent applications from the company, which described various application of technology to facilitate aircraft maintenance.

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