E-commerce

Chinese e-commerce giant Alibaba has filed a patent for cross-chain technology that improves the connection between blockchains through domain names. The ‘unified domain name scheme’ has been approved by the United States Patent and Trademark Office (USPTO).

The Communist Party of China (CPC) has enlisted a total of 71 private technology companies as crusaders of the new National Blockchain project. E-commerce heavyweight JD.com and telecommunications and tech giants, Huawei and Tencent are among those signed up.

The United States multinational electronic commerce firm Amazon.com Inc., based in Seattle, is working on integrating blockchain tech in the advertising sector. The e-commerce bull is seeking for a competent software engineer with experience in distributed ledger technology (DLT).

The Tattoo Wine platform plans to  manage more than 5,000 Italian wine labels from Europe, Africa, America and Asia. The biggest blockchain-based e-commerce platform is trying to promote the value, source and validity of Italian wine production on Asian markets.

The San Jose, California-based giant e-commerce platform eBay has come out to deny rumors it will support digital currencies including the original cryptocurrency Bitcoin as a method of payment.

California-based e-commerce platform eBay is expected to pave the way for the creation of a favorable cryptocurrency environment. Their new ad hints that the giant might be preparing to accept digital currencies such as Bitcoin, Ethereum, Ripple, etc. on its website.

It has been discovered in the Casaleggio Associati annual report that Italy participates in eCommerce more than any other European country, and blockchain technology and cryptocurrency are part of this digital shopping, especially when it comes to tracking products and making payments for purchased goods.

The e-commerce sector in Italy is expanding. According to the 2017 statistics, nearly half the total number of Internet users in the world have purchased something online at least once. This trend seems to be popular in China, the USA, Germany, as well as in Italy.

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