China: Alibaba’s Alipay Reveals Government Partnership to Track Rice With Blockchain
Local Chinese government officials have opted to use blockchain to help ensure Wuchang rice authenticity.
According to Global Times, the deal with the municipal government in Wuchang in Heilongjiang Province aims to stop counterfeit versions of the well-known Wuchang rice making it into the market.
“This is the first time that Wuchang Rice has changed the long-distance distribution method for the whole country, shortening the original delivery time of 3-7 days to less than 2 days,” the publication adds about the benefits of blockchain introduction:
“Information such as warehousing, delivery, and trucking of warehousing and distribution links is also visible to consumers in real time.”
On the contrary, blockchain continues to capture the imagination of Beijing, with various partnerships and integrations ongoing within both the state and private sectors.
Alipay has also taken a tough stance on users performing cryptocurrency trading using its accounts, Cointelegraph reported over the weekend, while in June, Ant Financial began a blockchain remittance project with the Philippines.