What is AliChain? (What is Ali’s digital currency exchange called?)
What is AliChain? According to official sources, what is AliChain? Alibaba\’s blo
What is AliChain? According to official sources, what is AliChain? Alibaba’s blockchain technology is issued through alliances. Currently, it is mainly used in the logistics and financial services fields in China. The emergence of blockchain technology has made people aware of the development potential of this industry and has also driven the development of the digital economy, including the construction and implementation of blockchain infrastructure and its applications in various fields such as supply chain traceability.
So, what is AliChain? Based on its definition, AliChain is a data-sharing ledger system built on a multi-party computing network. It adopts a “hybrid consensus” mechanism and an “asynchronous Byzantine fault tolerance” (SGX) algorithm.
What is Ali’s digital currency exchange called?
In an announcement made by Alibaba, Ant Financial announced the establishment of “Ali’s digital currency exchange.” According to reports, the “Ali digital currency exchange platform” is a global digital asset trading service provider based on blockchain technology, represented by Alipay. Its operating team is composed of Zhu Jiawei, former vice president of Alibaba Group, and Ma Huateng, CEO of Alibaba Cloud. At the same time, the platform’s partners include the China Mobile Communications Association Blockchain Application Professional Committee, Baidu Super Chain, and other leading institutions in the industry.
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