More Retailers Tap into the Blockchain Space

Asia Blockchain Review
September 11, 2019
More Retailers Tap into the Blockchain Space

Blockchain technology has become a hot potato in various industries due to its potential for countless applications that will greatly help businesses.

Finance Yahoo recently published an article about major brands which have been pursuing the potential advantages of distributed ledger technology (DLT), in a bid to raise productivity and ensure security for their businesses. The companies include: 

Alibaba Group 

Alibaba Group, together with internet conglomerate Tencent and several others, announced their involvement in developing China’s central bank digital currency (CBDC).  

Forbes reported that the project is now ready for launch and is set to roll out on November 11, 2019, which happens to be China’s busiest shopping day. 

Manchester City

Football team Manchester City has reportedly been in partnership with South Korean football gaming startup Superbloke, which is developing a blockchain-powered football game called FC Superstar. The game has a Gacha system that features real football players from the English Premier League.

Petco

Pet retailer Petco is now in collaboration with Bitcoin rewards app ‘Lolli’. Lolli users can now earn up to 3.5% satoshis (sats) of their purchases at Petco.com. They are also rewarded a flat 5,000 sats payment for sharing their dog photos on the platform.

 

Farmarket

Based in Venezuela, pharmacy Farmarket is now accepting payments in Dash cryptocurrency. The pharmacy has developed a pilot point of sale (PoS) system dubbed “XpayCash” and is testing it at some of its stores. 

Migros 

Migros is Switzerland’s largest retailer. The company is reportedly tapping TE-Food’s blockchain-based traceability system for enhancing the quality of its fresh fruit and vegetable supply chains. While many retailers are already using blockchain-based traceability to ensure product quality for customers, Migros is aiming to further use the technology to enable quicker distribution and reduce food waste.

Source: https://finance.yahoo.com/ 


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