Customers of China’s retail leader JD.com or Jingdong Mall, recently got another dose of good news as it has been announced that it is unveiling what it calls its “JD Medicine Open Tracing Solution”.
This innovative solution is based on blockchain technology and is being implemented by Jingdong in an effort to give customers a greater amount of transparency in terms of the way the pharmaceutical products are supplied in China.
This new effort was announced during the Big Data Summit that JD.com held in Beijing during 2018. The authentic nature of medicines that consumers are being supplied with has been a major concern for the Chinese consumer base and this new solution is an effort to solve this issue.
The new solution is going to handle the tracing of medications, ranging from production all the way to the transport and storage of the medications. This solution will track these products all the way up to the point of the actual sale of the drug.
The motivation that is driving Jingdong to introduce the Medicine Open Tracing Solution comes from the fact that there have been several incidents in terms of safety that have been linked to medicines that have come into China. Expired vaccines have been one of these issues. The new solution is JD.com’s answer to making sure that these issues do not continue to persist. Go To This Page for additional information.
Jingdong has always maintained a strong record in regard to its supply chain. The company is known for the efficiency of its logistical and supply chain networks. The creation of this new solution comes in with the intent to ensure that Jingdong continues to be able to maintain its outstanding record in this regard. These moves are a part of a larger effort on the part of the retailing giant to continue to improve its already impressive system of supply and logistics.
With the rise of e-commerce, one of the traditional physical location, brick-and-mortar style business models that have taken a significant hit has been the bookstore industry. Across the entirety of the world, bookstores have seen major declines in all areas of sales due to the fact that online bookstores have become so prevalent and convenient for customers to use.
Traditional bookstores have really struggled to keep up and it has led to mass closings of many locations that still exist in a physical location. This would seem to be an impossible situation for the bookstore industry, but a number of booksellers in China are seeing a huge resurgence in their successes due to partnering with China’s leading e-commerce retailer, JD.com.
JD.com has sold books in its own business model for a number of years but now the retailing powerhouse is working hard to offer solutions to traditional book retailers. Forty-nine book retailers all together have joined forces with JD.com in order to gain access to the retailing power player’s extensive resources in terms of logistics and procurement of books to name just a few.
This August, JD.com announced their new “JD Blockchain Platform”. Enterprise-sized customers can use this platform to build and host their own blockchain apps in a way that is more convenient, transparent, and secure. This technology allows its users to make their operational procedures more efficient and gives their customers more visibility into them. One specific way this is being used it to trace food from where it was grown to throughout the supply chain.
The technology was previously available only to JD.com for use in its business model is now available to these brick-and-mortar retailers and it is making a huge difference for these companies to be able to take advantage of such an advanced supply chain that is the proprietary territory of JD.com.
This entire move to supply aid to these traditional bookstores is all a part of a larger initiative that JD.com has been promoting heavily as of recent. The goal is to offer the extensive resources that JD.com has to a number of countless small and medium range businesses that can benefit from accessing the kind of technology that only JD.com has available to it. This has been making huge differences for the bookseller industry and many more industries as well. See This Page for additional information.
Related Article: https://www.chinamoneynetwork.com/2018/10/18/jd-com-opens-up-its-logistics-network-to-users