Categories: Bitcoin Business

Techrock joins Rakuten to help ensure the authenticity of products through Blockchain

Click here to view original web page at www.cryptopolitan.com
Techrock joins Rakuten to help ensure the authenticity of products through Blockchain 1

Rakuten, one of the biggest names in Japanese e-commerce has teamed up with Techrock in an attempt to introduce authentic Japanese products to the Chinese market.

Techrock relies heavily on their expertise in Blockchain, which is why Rakuten turned to them for a partnership in the next big Japanese e-commerce project. Most importantly, Techrock uses blockchain to verify the authenticity of the products that go through their platform, which is the main feature Rakuten is after.

Blockchain technology has taken the e-commerce world by surprise, especially as newly developed chips have enabled numerous niches and businesses to get into tracking their products. More and more companies and e-commerce platforms have integrated the blockchain authentication system into their methodology, in order to ensure their customers are getting their money’s worth.

Techrock’s CEO Alexander Busarov has commented that the company is very happy to provide a big number of Chinese customers with verified products provided by a big supplier like Rakuten.

This partnership is part of Rakuten’s strategy to develop its e-commerce services by providing enhanced tracking of customers’ products and purchases. The company is also trying to fight the global counterfeit products’ industry by enlisting the services of specialists like Techrock.

This is not Rakuten’s first introduction to blockchain technology, as Bitcoin payments were introduced on their platform back in 2015, while Rakuten Wallet is also available to customers. However, their partnership with Techrock focuses on the security capabilities of the technology, rather than its payment functionalities.

In order to introduce products with verified authenticity, Rakuten will create specialized areas on Techrock’s platform where customers will be able to purchase them. Additionally, this partnership will aid with the development of cross-platform royalty programmes.

Rakuten’s further advances in the use of blockchain hint at the ways this technology will revolutionize numerous business and services around the world.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Bitcoin Sheds $10,000 Support Again Ahead of Bakkt Launch

Ahead of the launch of Bakkt’s Bitcoin (BTC) futures, bears have continued to assert control over the cryptocurrency market. Ouch.As… Read More

56 mins ago

Bitcoin ‘Messiah’ Goes To War With The ‘Deep State’

One of bitcoin and crypto's oldest proponents, the founder and former chief executive of U.S. online retailer Overstock, Patrick Byrne,… Read More

56 mins ago

The Specs Behind Bitcoin’s Lightning Pass Their First ‘Formal’ Security Test

A pair of researchers have released the results of a formal verification of bitcoin’s lightning network.Lightning is new(ish), experimental, and… Read More

56 mins ago

Deja Vu 2000 Or Flashback 2007? (Part 2)

“The experience in Japan, Europe, or even the US, is that once you get into a near-zero interest-rate regime, it’s… Read More

7 hours ago

Blockchain Industry to Generate $16 Billion Revenue by 2024

Often considered as a nascent technology, blockchain was introduced about a decade ago. Although the technology has not been around… Read More

7 hours ago

Kate Winslet takes action against Bitcoin scammers who used her image

Kate Winslet has spoken out after her image was used to advertise a Bitcoin scam Movie star Kate Winslet is… Read More

7 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More