Alibaba partners with a major IT company to jointly develop the blockchain

Alibaba partners with a major IT company to jointly develop the blockchain

Chinese e-commerce giant Alibaba and major software developer Aerospace Information signed an agreement on strategic cooperation in the development of blockchain, cloud computing and other technologies.

The companies agreed to jointly use the available resources and technologies of both parties for close cooperation in order to improve not only information services, but also services in the field of finance, taxation, and public affairs. The partnership includes research, development and integration of new products.

Alibaba partners with a major IT company to jointly develop the blockchain

Aerospace Information representatives say they plan to shape new blockchain solutions by combining DLT with cloud services and generally promote the development of decentralized technologies..

This is not the first time Alibaba has been interested in the potential of a distributed ledger. The company recently announced plans to integrate blockchain into an international supply chain linked to local governments, and filed a patent application last October. to a blockchain system that allows an administrator to interfere with the work of a smart contract.

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text: Ivan Malicheno, photo: chinalogist, Getty Images

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