Entering the stablecoin market, JD.com once again picked up the blockchain

Author: Peisen, BlockBeats

On July 24, according to the Financial Associated Press, JD Coin Chain Technology (Hong Kong) will issue a cryptocurrency stablecoin in Hong Kong anchored at 1:1 with the Hong Kong dollar.

JD Coin Chain Technology (Hong Kong) is a subsidiary of JD Technology Group and the only potential stablecoin issuer under JD.com. According to the official website, JD Stablecoin is a stablecoin based on the public chain and linked to the Hong Kong dollar (HKD) 1:1, and will be issued on the public blockchain.

Each JD stablecoin can be redeemed at a ratio of 1:1, and its reserves are composed of highly liquid and credible assets that are safely stored in independent accounts of licensed financial institutions and are subject to regular disclosure and auditing reporting, rigorous verification of reserve integrity. In terms of regulation, JD Stablecoin will actively cooperate with global regulatory agencies and comply with existing and evolving legal and regulatory standards.

Claims to be "WeChat Pay Lianchuang", what is the background of Coinlink CEO?

Liu Teddy, CEO of JD Coin Chain Technology Company, labeled himself "WeChat Pay Lianchuang" on his LinkedIn introduction, but according to people familiar with the matter told BlockBeats, there is no Lianchuang for WeChat Pay. Said that he may be the previous product manager of WeChat Pay or the person in charge of a certain business.

According to LinkedIn information, Liu Teddy also serves as the vice president of JD Technology. He graduated from Beijing University of Technology in 2006, majoring in computer science and technology, and is currently a PhD candidate in financial technology at Hong Kong Polytechnic University.

From 2010 to 2018, Liu Teddy served as the co-founder and product director of WeChat Pay, creating WeChat Pay products from scratch. On this basis, as core product personnel, we created WeChat red envelopes, a phenomenal product. In terms of the "WeChat Pay+" business model, he is responsible for the operation of 15+ industries related to catering, cultural tourism, transportation, logistics, retail, education, etc., such as scanning QR code ordering solutions for the catering industry.

Since 2018, Liu Teddy has served as the head of global mobile payment product operations and director of the aggregation operations department at Huawei. He is responsible for global financial solutions and completed the expansion, R&D and implementation of mobile financial products in 19 overseas countries and regions, product services More than 600 million people, including Kenya's M-Pesa, Bangladesh's B-Kash, Indonesia's T-Cash, Thailand's K Bank, East Africa's largest bank KCB, Ghana's GCB, Pakistan's JAZZCASH, Myanmar's KBZ Bank, etc., among which as Myanmar's KBZPay Co-founder, he promoted KBZPay from scratch to become the largest payment brand in Myanmar.

In May 2022, Liu Teddy served as Vice President of JD Logistics Group and head of logistics technology product research and development. From 2023, he will serve as Vice President of JD Technology, responsible for overseas financial technology business. From March 2024, he will serve as CEO of JINGDONG Coinlink Technology Hong Kong Limited.

JD.com picked up the blockchain again

This is not the first time JD.com has been exposed to the blockchain business.

In May 2016, JD Finance joined the "Financial Blockchain Cooperation Alliance". Although JD entered the blockchain field later than other Internet companies, its development momentum is not far behind and it will focus on On the alliance chain.

In May 2017, JD Finance and UnionPay cooperated to build the alliance chain "Zhizhen Chain". In the same month, Wanda and China Merchants Bank joined JD.com's alliance chain. In 2018, JD Finance improved the underlying technology of the ABS cloud platform blockchain and established a consortium chain independently deployed by multiple parties. It was first deployed by each party in an independent environment and then networked. At the same time, it also established an alliance chain to support various assets. business bottom layer.

At that time, JD.com, as the retailer with the highest turnover in China, established the "JD Quality Traceability Anti-Counterfeiting Alliance" with the Ministry of Agriculture, National Quality Inspection Headquarters, Ministry of Industry and Information Technology, etc. in June 2017 to cooperate in building a blockchain traceability platform; in December of the same year , JD.com established China's first safe food blockchain traceability alliance; in August 2018, JD.com's blockchain anti-counterfeiting traceability platform BaaS was officially released. In the same year, the first version of the "JD.com Blockchain Technology Practice White Paper" was released.

In addition to the alliance chain, JD.com has also built an NFT platform "Lingxi", which will be officially launched at the end of 2021 and will be technically supported by "Zhizhen Chain". Initially launched on the JD.com APP mini-program, the first batch of NFTs for sale were designed with the JD.com mascot "Joy" as the prototype.

Lingxi main page in Jingdong mini program, picture source: Jiemian News

Unter den heimischen Technologiegiganten, die damals NFT einsetzten, bildete „Lingxi“ eine dreiteilige Konfrontation mit Ants „Whale Explorer“ und Tencents „Huan Core“. Derzeit sind „Zhizhen Chain“ und „Lingxi“ jedoch bereits aus der Öffentlichkeit verschwunden .

Am 18. Juli gab die Hong Kong Monetary Authority die Liste der Teilnehmer der „Sandbox“ für Stablecoin-Emittenten bekannt, darunter JD Coin Chain Technology (Hong Kong). Derzeit hat JD Coinchain Technology von der Hong Kong Securities and Futures Commission (SFC) Lizenzen vom Typ 1 (Wertpapierhandel), Typ 4 (Beratung zu Wertpapieren) und Typ 9 (Vermögensverwaltung) erhalten.

Die „Sandbox“ wurde im März dieses Jahres als eine der Initiativen der HKMA zur Förderung der nachhaltigen und verantwortungsvollen Entwicklung des Stablecoin-Ökosystems in Hongkong ins Leben gerufen. Die HKMA nutzt die „Sandbox“, um Institutionen, die an der Ausgabe von Stablecoins in Hongkong interessiert sind, die Möglichkeit zu geben, ihre Betriebspläne zu testen und eine wechselseitige Kommunikation über vorgeschlagene Regulierungsanforderungen durchzuführen, um ein zweckmäßiges und risikobasiertes Regulierungssystem zu formulieren.

JD Coin Chain Technology (Hongkong) Diese Ausgabe von Stablecoins markiert den ersten Einstieg der JD Technology Group in den Kryptowährungsmarkt. Die Ankündigung der Ausgabe von Stablecoins an einem Stand in Hongkong, der Stablecoins energisch einsetzt, zeigt, dass JD.com immer noch aktiv ist Erkundung der Entwicklungsrichtung der Blockchain.

Allerdings verläuft die Entwicklung des Stablecoin-Geschäfts von JD.com derzeit aufgrund der Regulierung und anderer Aspekte möglicherweise nicht reibungslos. Dieser Schritt von JD.com könnte jedoch andere Technologieunternehmen dazu anregen, das Blockchain-Geschäft in gewissem Umfang wieder aufzunehmen Bereitstellung einer guten Grundlage für die Verschlüsselung.

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