Hong Kong Adopts Blockchain to Build Trust in E-Commerce

Asia Blockchain Review
June 10, 2019

The Hong Kong Federation of E-Commerce (HKFEC) has revealed that it is entering into a partnership with Dowsure Technologies that will see the development of an e-commerce platform powered by blockchain technology.

Inspiring Consumer Confidence with Blockchain

Hong Kong Trust Mark, established by the HKFEC in 2016, was founded with the aim of handling issues relating to intellectual property, trust in marketplaces, and strengthening consumer confidence in doing business with Hong Kong retailers.

At a recent conference held at the Trade & Industry Department’s Support and Consultation Centre for SMEs, the HKFEC announced that it will be collaborating with Dowsure to develop the blockchain e-commerce platform to drive the Hong Kong Trust Mark.

HKFEC Chairman Joseph Yuen said in a statement, “We are glad to leverage the InsurTech solution by Dowsure for a secure blockchain insurance service for ecommerce merchants with many great insurance companies. It certainly [proves] to the world again that Hong Kong has the capability to lead in a healthy digital development as a Smart City.”

From Insurtech to E-commerce: Dowsure Pioneers Blockchain Use Cases

Dowsure — a leading insurtech company founded in China is recognized for its insurance products which utilize blockchain, big data, and artificial intelligence (AI) for data analysis, risk control, and pricing.

Byron Pei, founder and CEO of Dowsure, said, “E-commerce in Hong Kong shows great prospects for development, however, counterfeit and shoddy goods perplex the consumers and sellers. We are very honored to work with HKFEC to create a better and safer environment for Hong Kong cross-border e-commerce.”

Source: www.unlock-bc.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
South Korea’s Postal Service to Adopt Blockchain for Billing
South Korea’s national postal service is partnering with Coinplug to apply the technology to its bil...

June 19, 2019

Relex Crypto Platform Endorsed by Over $600M Vietnam Seaport Project
The investment platform has been endorsed by a seaport development project in its request for invest...

June 18, 2019

South Korean Power Providers to Set up Blockchain System for Energy Certificates
The agreement will establish a blockchain-powered system to improve transparency and efficiency of t...

June 18, 2019

‘F1 Delta Time’ Offers In-Game Items Stored on Blockchain
A Hong Kong-based game developer is integrating blockchain into its titles to allow permanent owners...

June 18, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us